For equity redemptions, the turnaround time is T + 3 days, where T is the trading or transaction submission day. If you redeemed before the cut off time on a particular business day, your money should be credited by the 4th day.
For debt redemptions, the turnaround time is T+1. If the redemption order was placed before the cut-off time on a business day, pay-out will happen on the next business day.
Please note: Transactions made on Saturday/Sunday and public holidays will be considered and executed on subsequent business days /working days.