Comment on Start investing in mutual funds @ Zerodha
commented on
28 Nov 2016, 07:09 PM
I used fund transfer in Kite interface. For every transfer from Bank A/C to Zerodha account, there are two charges:
1. NEFT/RTGS/IMPS charge Which Bank charges (Let say 5 rs)
2. Being Payment Gateway Charges in Zerodha (10rs approx)
So, even you transfer 100 rs from your Bank to Zerodha trading account overall charge in 15 rs.
This is really huge if you do transfer frequently.
I closed my HDFC trading A/c and opened Zerodha for better brokerage charge. However, this transfer charge is really making it worst.
I have two questions:
A. Is there any way to transfer money in trading account without so heavy charge. Especially 2nd charge which I mentioned earlier ?
B. Is there any charge for withdraw back from zerodha to bank account back as well ?