Here are the step-by-step guides on how to redeem PNB UITF online and withdraw UITF funds. We have mentioned in some articles that the easiest way to open a UITF online is by using PNB online banking.
Likewise, it’s also one of the quickest ways to withdraw and redeem your UITF money. We can either make a full redemption or make a partial redemption.
If you opened your Unit Investment Trust Fund (UITF) a few months or years ago and you think it’s about time to redeem your funds and the profit it earned over time, then we’ve shared the process on this page.
Redeeming UITF funds is already done online, and the cash will be credited back to your savings account or your opted settlement account.
How to Redeem UITF Online in PNB (Philippine National Bank)?
There are 2 ways to withdraw your money from your UITF investment:
- Redeem all your UITF funds
- Make a partial redemption of your UITF
How to Withdraw PNB UITF Funds Online?
Step 1: Log in to your PNB online banking account
If you already have an online banking or mobile app, you can log in to your PNB account before you request to redeem your UITF investment. Otherwise, enroll your PNB online banking account or sign up using the mobile app.
Step 2: Select the UITFs tab on the menu
Click the “UITFs” tab on your dashboard and view your existing UITF portfolio. Check out your Unit Investment Trust Fund details. You can see the date of placement, the number of units, the NAVPU, and your unrealized gains or losses. We hope that you’re redeeming your investment with some profit.
Step 3: Make a full UITF redemption
To withdraw your complete funds, select the “Redeem Participation” button. Then choose the “Full Redemption.” Your funds, including your gains or profit, will be credited to your bank account selected when you opened your UITF.
Step 4: Confirm your UITF redemption
You will see a Confirmation of your Redemption and the details of your UITF on the next screen. Check for any discrepancy, although it’s doubtful we can find any errors.
Your investment details will be displayed, including your COP (Certificate of Participation), your UITF Fund name, date of redemption, settlement date, principal investment, units for redemption, and the number of days in the fund.
Step 5: Agree to the Waiver
Tick the box to continue and agree with the waiver. Make sure you read the waiver completely and understand what it’s meant for your UITF placement and redemption.
Step 6: Keep your confirmation receipt
The Notice to Client will be the Confirmation Receipt of your redemption request. You will receive another email from PNB once your redemption request has been processed.
Step 7: Receive your funds and profit
You will receive an email from PNB when your Redemption Request has been approved. It usually arrives the next day since the actual net proceeds of your UITF investment will be computed based on the NAVPU (Net Asset Value Per Unit) at the end of the day.
How to withdraw PNB UITF funds in partial amount?
In case you only want to redeem a part of your UITF, you can also do it online. You have the option to redeem some units or the principal of your money.
All you have to do is follow the same steps above except for step 3. Instead of choosing FULL, select PARTIAL redemption. The following screen will then appear:
Investors can redeem their UITF funds in principal or number of units. If you want to redeem any amount of money, choose “In Principal.” If you want to redeem several units, choose “In No. of Units.”
Follow Steps 4 to 7 above to finish your redemption.
That’s it. You are done withdrawing your UITF funds. It’s straightforward, fast, and convenient to redeem our UITF investments. Share this post so your friends will know.
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