As per SEBI regulations, you have to maintain separate balances for Equities and Commodities accounts, so we have two different bank accounts to facilitate this. There are three different modes to deposit funds to your account.
You can transfer funds directly from the trading platform (Kite/Pi) using the instant* payment gateway facility. This comes at a charge of Rs. 9 plus taxes with the convenience of an instant credit. We have about 28 banks (listed below) for this facility.
Important: Unlike the usual bank account numbers, you’ll notice that our bank account numbers just have alphabets. Add these two accounts as payees on your registered bank account and you’ll be able to transfer funds to your trading account anytime.
|NSE/BSE (Equity, F&O, Currency)||MCX (Commodities)|
|Bank Name||HDFC Bank||HDFC Bank|
|Account Title||ZERODHA NSE CLIENT ACCT||ZERODHA COMMODITIES PRIVATE LIMITED MCX|
|Bank Branch||Sandoz Branch, Mumbai||Sandoz Branch, Mumbai|
The time taken for funds to reflect in your trading account varies depending on the method of your fund transfer. IMPS/RTGS is the fastest way to get funds into your trading account. Upload your fund transfer screenshots for a quick update on your account.
|NEFT||Between 2 to 10 hours depending on your bank||Free at Zerodha, bank charges may apply|
|IMPS/RTGS||10 minutes during market hours||Free at Zerodha, bank charges may apply|
|Cheque||3 to 5 working days||Free|
*If you don’t see the credit in your trading account immediately after transferring funds from the instant payment gateway, you need to send us a screenshot of the debit from your bank account to firstname.lastname@example.org so we can coordinate with your bank and the payment gateway. If the instant payment fails for any reason, you will need to wait at least 24 hours for the funds to reflect in your trading account.