The redemption of money funds is generally T+ 1 working day (direct selling) or T+2 (consignment).
The redemption of bond funds is generally T+3 or t+4 working days.
The redemption of stock hybrid funds takes T+5 to T+7 working days, and weekends and other holidays are not working days.
It is worth investors' attention that the T here refers to the redemption application submitted before 3: 00 pm on the same working day. The redemption time is calculated according to working days, and Saturday and Sunday are not working days.
So the specific time depends on the settlement efficiency of the fund company and the transfer speed of the bank. There is a difference of 1-2 days between different fund companies and banks.
The quickest and most efficient way to redeem stock funds: first, convert stock funds into the money funds of the same company (provided that the conversion is allowed and the redemption fee is paid at the same time), and then redeem the money funds, which is at least one day faster than the direct redemption, and there will be an extra money fund income of 1 day.