|Definition||:||One Time Mandate|
|Category||:||Business » Banking|
What does OTM mean?
One Time Mandate (OTM) is a one-time registration process where the investor authorizes his banker to debit money up to a certain limit to a mutual fund. OTM is like an e-wallet for the purpose of investing.
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Frequently Asked Questions (FAQ)
What is the full form of OTM in Banking?
The full form of OTM is One Time Mandate