2.9.3 Redemption Transaction Rule

This topic provides information on redemption transaction rule.

As per Redemption Transaction rule, the following conditions are applied:

1. If the first investment is done within a year from the redemption transaction date, then the redemption transaction will not be allowed for the non-FICA customers.
2. If the purchase transaction exceeds FICA limit 50k ZAR or any debit order captured exceeds the limit of 25k ZAR p.a., then the redemption transaction will not be allowed for the non-FICA customers.