How to Redeem PNB UITF Online (Withdraw UITF Funds)

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:

  1. Redeem all your UITF funds
  2. 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.

how to redeem uitf online pnb step 2

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.

how to withdraw uitf online step 3

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.

how to redeem uitf online using pnb

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.

uitf online philippines

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:

partial redemption pnb

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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Fehl is the founder of Philpad and has been writing online for 12 years. She has a bachelor's degree in Accountancy and a background in Finance. She is a licensed Career Service Professional and author of a poetry book at Barnes & Noble. In her spare time, she likes to travel and discover new places.

12 thoughts on “How to Redeem PNB UITF Online (Withdraw UITF Funds)”

  1. hi there,

    ask ko lng po, i just made a fully redemption of my utif lat jan 17, 2019 and received email next day confirming receipt of your redemption request. just wonder until now i have not get my money back? how long is the processing do they send me follow up email that my request already grant? where goes my money? are they going to transfer it to my savings account? hope you could help me. thanks

  2. Hi tanong q lang po wat does minimum additional participation means? If i already have uitf investment or cop number. And i want to add additional minimum participation. Panibagong cop number nanaman po ba? Hope u reply. Thankz

  3. Hi thanks for ur post.
    I just wanna ask coz i just enrolled uitf in bpi.
    Im just confused on how to add funds manually on my equity fund? I dont seem to see any options so i can add weekly or any day that i want.
    Hope you can show me how.
    I dont have the rsp setup.

    Also i want to remove or permanently delete the bpi balanced fund. How do i remove this in my uitf list? I cant find any options to do this?

    Thanks in advance.

  4. Hi!

    I would like to clarify something particularly on number five (5), it says there that it has a required minimum maintaining balance. Does it mean that I wont be able to FULLY redeem my investment because some money would/should be left?

    Hope you could help me as I am confused.

    P.S. Invested in PNB-Enhanced Phil Index

  5. Hello could you teach me, i just had my 1st cop for bdo eqty fund eip p2k a mo., its says in d cop that my orig. Partcpation amt is p11k, units of 24.1955 with p10,577.38… what does the amt of p10,577.38 means? Kumita ako ng p10,577.38? Or lugi ako ng p423 coz p11k invstmnt ko pro p10,577 lng. when time of redemption, ang mreredeem ko po ba is p11k plus p10,577.38? Thanks im jst confuse

  6. I love your blog! Do you know any website that i can start mutual funds? Im currently here in dubai and my only option is my PNB because they have online facility but again they are more of UITF. I have started there with small amount of High Dividend and Conservative Prime Peso. Im still studying it and willing to learn more before invest more, but im keeping my other option as well like MF. So please advise if you know any good website or company that do MF let me know. Cheers.

  7. Is PNB offering mutual fund products? I prefer mutual funds over UITF. UITF dividend I believe is subjected to a 20% withholding tax if Im not mistaken.


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