UPI, now live at Zerodha

March 19, 2018

Traders,

Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties’ bank accounts. Number of UPI transactions monthly has grown 20 times from 5 million transactions last year to over 150 million in Feb 2018 thanks to BHIM, Paytm, PhonePe, Tez, WhatsApp, and others. Since UPI is a layer over IMPS, there is no integration required to be done with each individual bank unlike in case of a payment gateway. UPI transfers can be done from any bank account. A maximum of Rs. 1 lakh per day can be transferred using UPI.

Instant UPI transfers are now live at Zerodha.

Free UPI transactions

While UPI is free for all peer to peer transactions, financial service businesses are charged Rs. 15 per transaction. We’ve been able to negotiate a deal with our banking partner to keep this free for the first 6 months, and if the transaction volumes are high, even beyond that. Do make sure to use it and let your friends and family know about it too.

How do I do it?

Transferring funds using UPI is quite simple. I’ve described the steps involved in the process below.

  1. Go to the ‘Funds’ page on Kite and click on ‘Add Funds’.

    Funds page on Kite

  2. Select UPI as the payment mode in the window that opens up.

    The payment page

  3. Once you select the UPI option, you’ll see a field to enter your UPI ID. Make sure the UPI ID is mapped to a bank account that you have mapped with your Zerodha account for the transfer to go through successfully.

    Enter your UPI ID

  4. Enter your UPI ID linked to your bank account (the bank account must be linked to your Zerodha trading account). Once you click on ‘Continue’, you’ll see this page.

    Go to the UPI app on your phone

  5. On the UPI app on your phone, you’ll receive a collect request from Zerodha. Approve the transfer here. This will require you to enter your UPI PIN on the next step.

    Approve the transfer

  6. Once that’s done, you’ll see a confirmation on the Zerodha payment page that looks like the image below. Complete the transfer by clicking on the ‘Close’ button. If you directly close the window, the transfer will not show up on your account instantly, so make sure you do.

    Complete the transaction

    And that’s it. The funds will show up on your trading account and you can use them to place trades.

Ensure you make the payment from the collect request, i.e., initiate the transfer from Kite/Pi, and not by initiating a new transfer to Zerodha’s VPA (UPI ID). If you make a transfer to Zerodha’s VPA directly, the money won’t reflect in your account and you will have to raise a ticket requesting for a refund. Also, keep in mind that you only transfer funds from the bank account mapped to your Zerodha account.

 

Happy Trading,

Matti

Corporate Communications Manager @ Zerodha, perpetual student, an eccentric Grammar Nazi, rock lyrics police and voracious reader.

265 comments

  1. Haris says:

    Is there a limit to the amount that can be transferred?

  2. Piyush K says:

    Maximum transfer limit?

  3. Manjunath says:

    Good move.

  4. J Gerard Rakesh says:

    Good move.

  5. Mahendra aingh says:

    Good news

  6. Chintan says:

    Does than mean if we withdraw fund it will be transferred to out bank account imminently?

  7. udith says:

    is it any charges applied for UPI paymeny F.Eg like 10.23 in IMPS transcation

  8. Priyank Nevatia says:

    It’s awesome to have so many ways to fund your account. Some of them instantly. It just makes the whole process more and more efficient. However should it not be both ways. Literally 10 minutes ago, I was speaking to Zerodha customer service requesting for a withdrawl request I made to be processed on urgent basis. If through UPI and IMPS you can instantly transfer to Zerodha, should we not be allowed / able to transfer from Zerodha to our bank also ?

    • Shan says:

      Good idea Priyanka.. Zerodha think over it…

    • Matti says:

      Hey Priyank, withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

      • Kiran Bhave says:

        Not a valid reason. Zerodha always limits the transaction based on real time funds availability based on deducting the amount from ledger and holding it. Rest of the amount is clear and should be able to transfer instantly.

        Furthermore, all brokers allow overdraft and charge hefty interest also on negative balance, so there is no need to wait for trade closure.

        While I appreciate this one directional upi, as suggested by many the reverse also should be easily possible.

        • Vaibhav says:

          I totally agree.

        • Kunal says:

          I too agree, with Zerodha withdrawal is one of the biggest pain points. I hope you address it soon.

        • RAMA RAJU says:

          Hope you all missed the actual settlement process, once the trades are closed they can have a clear and proper info regarding clear balance you can request. As trade are in process due to market volatility we need get usage of extra balance as generally mentioned in the margin amount so it need to be clear actually this far better practice to safeguard themselves and even us paying heft interest and penalties.
          As per my knowledge no other broker paying immediately to the bank accounts except Banks who run Securities like ICICI who pay instant to our account but remember their brokerage

          • Vinit says:

            Zerodha is no usual broker. They are supposed to be technologically advanced and thus expected to solve it first and fast.

            • Matti says:

              Vinit, thanks for the kind words, but as I’ve said above, there’s just no way to know how much clear balance will be available at the end of the day.

  9. Jaganathan R says:

    it was about time!

  10. Kehal says:

    Thank u for adding one more great feature.

  11. Vishwa says:

    Currently canara bank is not supported in your gateway. Any idea when it will be supported. So that ican do UPI transfer. Now everytime i need to do NEFT/IMPS.

  12. RAJAN . A.T. says:

    welcome improvement.

  13. NK.Sella says:

    Awesome. Even though regular txns takes less than 5-10 min to reflect in trading account, this definitely helpful. Appreciate your efforts.

    Regards,
    NK!

  14. Ram Tyagi says:

    Tried it, got a request on my UPI app on the phone.
    Tried transferring, it said [email protected] (or something similar) was an invalid VPA. Please work on the bugs, thank you.

  15. Krishnal says:

    What are the daily and Monthly Limits On Amount Transferred?

    And if i have two accounts linked then can i use them Both For UPI?

  16. Sunil says:

    A much needed option indeed.

  17. Praphulla Chandra k m says:

    Good ,but lost more money no profit

  18. Anas mansuri says:

    Very good move from zerodha, is it support for widraw amount ?

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

      • Deepthi says:

        But at least you have to consider allowing instant transfer once you ascertained how much clear balance is available at the end of the day.

  19. Brijesh mehra says:

    Great job zerodha
    One more suggestion is plz provide option chain at our terminal.

  20. Sheetal says:

    Great and keep up the good working going, I guess zerodha is most innovative in a short span of time, which added features circling customers and not just personal gains.., I wish zerodha had “stop loss and take profit” at the same time in cover order would have been a great great thing for users and other feature I could think about is, “T+5” 🙂

  21. saurabh singh says:

    good initiative by zerodha.
    it will help large quantum of people can not handle net banking.
    now its easy to pay through UPI.

  22. Eswaran says:

    Whats the limit per transfer?

  23. RAJESH NIRALA says:

    Very easy to use but some restriction(s) in UPI of max Rs. 10K in single transaction.

  24. Jhansi Rani Nayak says:

    U hv not furnished the transaction cost for withdraw. Pls mention it..

  25. Saran says:

    Nice move👍👍

  26. S Sahu says:

    That’s wonderful. Have been waiting for UPI support since its instant and free of charge. Well done.

  27. oldmonk1 says:

    Great work!

  28. Govind says:

    Very Good news
    Thanks

  29. Arjun Chalvadhi says:

    LIke few of other trading platforms, zerodha should also have facility to move money between Equity, Commodity, Currency and vice versa..everytime a separate transfer has to be done for separate instrument.. Can this be also looked into?

  30. Elangovan says:

    Very easiest method to add fund and security also. I think Rs 10000 per transaction and Rs 20000 per day

  31. Jagadish Kolanu says:

    Thanks for providing better service by deploying UPI. It really makes the transaction hassle free.

  32. Mohan says:

    Please do something for sending money back to our bank account. Bringing money to Zerodha is easy and taking back to Bank is hard nut. Hope Zerodha comes up with that soon

    • Matti says:

      Hey Mohan. Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

      • Deepthi says:

        But at least you have to consider allowing instant transfer once you ascertained how much clear balance is available at the end of the day.

  33. Shrikant S Doulatabad says:

    Thank’s too all of ZERODHA team

  34. Akshay says:

    Hai much time it will take if we withdraw the money from zerodha to ur bank account through this upi transaction

    • Matti says:

      Hey Akshay, the UPI transfer is only for transferring funds to your Zerodha account. Withdrawals are still processed once at the end of the day after trade process.

      • Ravindra Shetty says:

        This is the norm everywhere. Taking from us is always quick with various options. Giving us seems to be very difficult and lenghty process. Zerodha need to change this if you are different from the rest. I placed withdrawal request on 16th May 4pm. Generally, I receive SMS by same day night stating withdrawal processed. Today I did not receive that SMS. I guess I won’t receive my money by 17th May morning.

        • Matti says:

          Withdrawals are processed at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  35. chandan says:

    How much time it will take to update funds in Zerodha and my bank account???

  36. krishna says:

    fantastic guys!!! keep going with the good work

  37. Mandar Sherbet says:

    Good to see Zerodha being amongst the first Financial Service providers to integrate UPI option for instant credit of funds.
    In terms of time required to complete the transaction, I think the Net Banking option will be marginally faster. What do you think?

  38. ram says:

    maximum limit

  39. charu says:

    who will provide upi id or how to get it?

  40. Nataraj says:

    Is there any news about direct deduction from bank account for Mutual fund ?

  41. neelkanth says:

    Please make this arrangement for withdrawal funds also. As a customer we use both add and withdrawal funds option time to time, so this easy transfer option should be available for both ways.
    Because withdrawal is more important than adding funds in emergency times.

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  42. Anup says:

    1. Is there any limit for per day transaction ?
    2. Please confirm, is it only for 6 months ?

    • Matti says:

      You can transfer a maximum of Rs. 1 lakh per day. Per-transaction limits are set by your bank and differ from bank to bank.

      For now, the transactions are free for 6 months. Depending on the volumes, we’d be able to talk to our banking partners and keep it free perpetually.

  43. Gayatri says:

    what are the charges for deposit through UPI ?

  44. Aman says:

    I tried to transfer funds using upi through my ICICI bank account. Payment request was received but after logging to bank accounts and clicking on accept payment following error was displayed:
    “Invalid payment address”

    • Naresh says:

      same error for me as well

      • Matti says:

        This would only happen if you transfer funds to our UPI handle directly from your UPI app. Such transactions have been blocked as there is no way for us to track them to update your fund balance with us. If you use the method described in the above post, should work fine.

        • Kaushik Jhamwar says:

          I tried using method described in the blog. I received the notification in ICICI UPI section in pending request. But when I accept it it gives error that invalid virtual address. I am not transferring directly from ICICI to [email protected] the request is sent form ZERODHA web application as described in the blog.

    • Ujjwal Kant says:

      Same issue here with ICICI. Even after following steps mentioned in the blog.

  45. Laxman says:

    When I tried to approve from my ICICI, it is saying invalid UPI address.

    • Matti says:

      This would only happen if you transfer funds to our UPI handle directly from your UPI app. Such transactions have been blocked as there is no way for us to track them to update your fund balance with us. If you use the method described in the above post, should work fine.

  46. Ranga says:

    Nice one but also immediately withdrawal amount provide very helpful

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  47. Naresh says:

    I tried but It says invalid UPA address

    • Matti says:

      This would only happen if you transfer funds to our UPI handle directly from your UPI app. Such transactions have been blocked as there is no way for us to track them to update your fund balance with us. If you use the method described in the above post, should work fine.

  48. Annasahab Marathe says:

    Sir,
    By mistake I transferred rs.10000/- to zerodha account from unregistered bank account ,
    How can I get money in my account. Please help me!
    Mobile no .9730098230.

  49. Pramod Choudhary says:

    What about Withdrawing fund’s via UPI ?

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  50. Manjunatha C says:

    Good move, it should be implemented to withdrawal options also, if any emergency we can’t able withdrawal the amount on same day.

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  51. Manish Acharya says:

    Very Nice move initiated by Zerodha! Keep It Up Team Zerodha

  52. Madhav says:

    It is saying that charges are 9 + gst whether it ia applicable

  53. Prashant Zombade says:

    Is it possible to withdraw some money, using UPI from Zerodha funds?

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  54. Pawan Thite says:

    Is there any portal charges like netbanking

  55. Naresh Singh Bhau says:

    Please add Credit Card as well. It will be great if done.

  56. Navaneeth says:

    Adding funds to zerodha is not a big deal currently. Using net banking its done in real time . Its available 24×7. But withdrawl of funds is not real time.it takes more than 12 hrs for funds to get credited to the clients account in accordance with withdrawl request. If the next day is a bank holiday the credit occurs only on the next work

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

      • Raj says:

        1Please Dont copy paste same answer for different question.2
        Why don’t you process withdrawals through IMPS for below 2 Lakhs withdrawals. It will be helpful to small investors who is really need fund’s on urgent basis. And above that normal.

  57. siddharth says:

    can i use tez app for fund transfer

  58. Navaneeth says:

    Adding funds to zerodha is not a big deal currently. Using net banking its done in real time . Its available 24×7. But withdrawl of funds is not real time.it takes more than 12 hrs for funds to get credited to the clients account in accordance with withdrawl request. If the next day is a bank holiday the credit occurs only on the next workIng day. But upi is a 24×7 realtime service so if withdrawl is possible through upi then it will be verymuch helpfull. Otherwise there is nothing great in bringing upi to zerodha as we have netbanking facility which is real time.

    • Matti says:

      Withdrawals are still processed once at the end of the day after trade process, and with a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  59. Uttam says:

    Can’t we transfer directly from my UPI app using zerodha UPI id? like a paying a biller?

  60. Pradosh Bairagi says:

    its need of hours
    thanks .

  61. Nakul says:

    I saw some people mentioning charges you deducr

  62. Nakul says:

    I saw some people mentioning charges you deduct for depositing money through imps or neft. I have never cared to check my backoffice and nor have I seen you deducting out of the transaction amount initiated. Do you deduct deposit charges against imps/neft based deposit transactions later on from the funds available? Please Clarify whether you deduct or not?

  63. ASIT KUMAR NAYAK says:

    Good Move

  64. Pravin says:

    Does gateway cjarges applicable for UPI transaction?

  65. Ravishankar.T.G says:

    today sent RS 100.00 to [email protected] from ZR4296 from airtel payment bank through
    upi plz add this amont to my ZR4296 a/c

    yours

    Ravishanar.T.G
    9740768092

    • Matti says:

      This would only happen if you transfer funds to our UPI handle directly from your UPI app. Such transactions have been blocked as there is no way for us to track them to update your fund balance with us. If you use the method described in the above post, should work fine.

  66. Brij.C says:

    Nice step .

  67. Jignesh Patel says:

    Good to hear this feature is live.

    Thanks Zerodha. Keep Rocking.

  68. Aslam Mohamed says:

    Usually 9+GST will be charged for add funds via kite app, would like to know, still it is applicable?

  69. Swaroop Nayak says:

    So there will be a charge of 15₹ on every transaction after 6 months?

    • Matti says:

      Hey Swaroop, if the transaction volumes are high enough, we will be able to ask our banking partners to waive off this charge for perpetuity. For now, we’ve negotiated this as a pilot for 6 months.

  70. Mohit Khatri says:

    Deposit through UPI without charges are only for 6 months.
    Why only 6 months…??
    Its the easiest way so it should be free all time.

    • Matti says:

      Hey Mohit, if the transaction volumes are high enough, we will be able to ask our banking partners to waive off this charge for perpetuity. For now, we’ve negotiated this as a pilot for 6 months.

  71. Vasu says:

    Good move, but you are taking money from public very fast. Why you don’t apply the same logic for withdrawals. We are losing interest in small. But on the whole deposits of us (customers) you are getting big amount as interest. Giving back customer’s money is not a big task in these technically advanced days. Kindly make available of UPI based withdrawals also.

    • Matti says:

      Withdrawals are processed once at the end of the day after trade process for a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

  72. Naresh says:

    Hi Team,

    How do i generate UPI ID ? how can i link it to my Bank Account ? Could you please help us providing a detailed document for the same

    Thanks in advance.

    Thanks,
    Naresh Kumar K

  73. R Sribastob says:

    I’ve made two UPI transection for adding fund and each time I have been charged RS. 10.62 saying Being Payment Gateway Charges Debited –

    • Matti says:

      I believe these transactions were made before today? The charges for UPI transfers were waived off starting today only. Any UPI transactions you make henceforth will not be charged.

  74. Kalyan says:

    Can I use VPA provided by third party apps? for example if I have SBi account linked with zerodha and I am using phonepe for UPI (SBI account linked with phonepe), then my UPI extension will be @ybl instead of @sbi. But I am using SBI account through phonepe, so can I input @ybl VPA?

  75. Ganesh says:

    Is the same arrangement (UPI) available while transferring funds from Zerodha to our accounts

    • Matti says:

      No, withdrawals are processed once at the end of the day after trade process for a good reason. Only once the trade process is done can we ascertain how much clear balance is available in the account to process a payout. While instant payouts are possible, if you take a trade during the day, this situation gets tricky. We are working on addressing this concern and will figure out a way to make this happen soon.

      • Vanu says:

        Why thinking so critical?

        If a client takes a trade after placing withdrawal, the back office will be notified & the fund transfer will be blocked.

        Or before fund transferring, back office will check if there is any trade or not.

        Or after placing the withdrawal request the client will be allowed to trade only on excess fund if there is any. otherwise will be blocked from trading.

        And there will be another 1000 ways.
        Zerodha is technically so advance…..they can do it if wishes.
        Isn’t it?

  76. Mausumi Mahato says:

    Good job.

  77. ANSHUL NARWAL says:

    hi, can Zerodha as broker withdraw or use any client’s fund from his trading account with or without client permission?
    if a client only works in delivery bases and demat all his shares, will again any broker or Zerodha can touch client demat holding or not?
    what is the purchase limit for retail trader on single company shares in one bid or multiple bid?
    thanks

  78. Rakshith TN says:

    Can i transfer funds to my brother’s account using my UPI if?

  79. Nishant Gupta says:

    Hi Team,
    It will be very much helpful if you implement something like that let us to withdraw the amount instantly which is atleast half of the margin available in the account just to enable faster and efficient way to utilisation of our money for the time being you come up with any other better way to enable waster way to withdraw the amount just like depositing. I think one who withdraws the half amount of margin available will not issue related to payment settlement at day end because your RMS immediately deduct the required margin from one’s account.

  80. manoj says:

    Best features added in zerodha thanks

  81. Nitin says:

    What is the procedure to change my bank account at Zerodha trading account..?

  82. Kapil says:

    Is this also available on NRI PIS accounts with Zerodha?

  83. raman says:

    i don’t know my UPI id how to Genrate ? Any Demo ?
    What is Status of Crux Software to Replace Q back office ?
    Kite Phase Out Date Plz tell ?
    Kite 3.0 is Ready to Replace kite old version ?

  84. AMANJOT says:

    I tried today via ICICI UPI it said invalid transaction Invalid User Address !!!!

  85. Mahesh p says:

    I have canrabank account but this account is not add Zerodah software so how am use upi through add payment

    • Matti says:

      All banks are supported for the UPI fund transfer Mahesh. Simply select the UPI option on the payment page and enter your UPI ID.

  86. Krishna says:

    I tried with ICICI iMobile app UPI payment and when I accept the payment rerquest, it’s complaining “INVALID VIRTUAL ADDRESS”. Not sure which end the problem is.

  87. Mitesh Patel says:

    Nice Services

  88. Kiran says:

    Icici bank is showing error as invalid virtual address when accepting upi collect request from zerodha. Not able to do upi transfer

  89. Shankesh says:

    How to get upi id

  90. r says:

    what about, after 6 month you are going to charge 15 rupee.as you mention above .

    • Matti says:

      Right now, this is a pilot. If the bank sees that the volumes are high, we’d be able to keep this free even after the 6 months.

  91. vinoth says:

    We’ve been able to negotiate a deal with our banking partner to keep this free for the first 6 months,

    May i know what does this line means? after 6 months, will UPI transfer also will be charged as like other mode transfer?

    • Matti says:

      I go on to say ‘and if the transaction volumes are high, even beyond that’, Vinoth. Right now, this is a pilot. If the bank sees that the volumes are high, we’d be able to keep this free even after the 6 months.

  92. M K S says:

    need to transfer fund from bank account to zerodha trading account.
    what is UPI ? how It works ?
    what is Virtual payment address ? how to create UPI and map it with bank ?
    why it is necessary to have UPI app in mobile ?

  93. RABI LAMA says:

    What should one do if he or she wants to use this platform actually I want to make a suitable references for my kind information from u.
    Thanks a lot

  94. Rahul T says:

    Good Move.

    For HDFC/ICICI, final charges/transaction would be?

  95. Gaurav Chauhan says:

    Very good move…other than being free, UPI doesn`t require to login in any portals/website for payment. It is hassle free, easy and quick.

  96. Surendra Konchada says:

    Can we withdraw unused funds through UPI ?

  97. Shivdas Yeske says:

    I made a transfer using UPI. The transaction shows complete in my banking app but amount is not reflecting in Zerodha. Please help..

    • Matti says:

      I see that you’ve transferred from your Kotak account, which is not mapped to your trading account. You need to transfer from your ICICI account or map your Kotak account as a secondary bank account. The transfer you’ve made will have been reversed to your bank instantly. You wouldn’t receive an email for this.

  98. Sunil says:

    on my ICICI bank app while accepting It says “INVALID VPA ADDRESS”. its not working. kindly look into it.

  99. Brijesh says:

    Hello Zerodha Team,

    I have made transfer of 10000 Rs using UPI option. When I checked Ledger report, it shows Debit entry for “Being Payment Gateway Charges Debited” of 10.62 Rs.
    It means, it is not free. The same amount of charge being debited as that of Net banking.

    Please clarify.

  100. Sivakumar says:

    I do not get about the UPI app. What app i should install in my phone?

    Appreciate your efforts.

  101. guru says:

    Recently one of my family member was trying to open an account with zerodha, and he holds a saving account in one of co-op banks in Karnataka.. when we was trying to open the account online and pay the account opening fees through net banking, he came to know that his bank name is not in the list..

    Now wat is the procedure to open the account..he doesn’t have any other sb account with other bank

  102. SONALI DAS says:

    thanks for this facilily

  103. DINDAYAL AGRAWAL says:

    How the Id and Pin generated.

  104. Uncle Scrooge says:

    It’s awesome… Fund transfer done within fraction of seconds
    That’s why ZERODHA is my first choice…
    Superb work by Zerodha team… Thank u very much…

    • Sunil says:

      Zerodha is getting money fast, within a second…..awesome
      But the Clients are still waiting for 24-48hrs to get back their own money.
      So Zerodha team can cheer…..natural
      But what about us?

  105. sachin says:

    🙁 not working for me…say virtual address not validate. I am using ICICI bank.

    • Matti says:

      There seems to be an issue with the ICICI Bank app, Sachin. We’re in touch with the NPCI to get this resolved.

      • Akash Paltasingh says:

        Hi,
        Could this be, looked at ASAP.

        UPI on Zerodha on Beta stage, was working fine with my ICICI accnt. But, now its showing error – Invalid Virtual address.
        the zerodha upi address showing up is [email protected]

        • Matti says:

          [email protected] is indeed the right UPI, Akash. The UPI requests not being processed by your bank app is something you’ll need to check with your bank. In the meanwhile, you can use another UPI app, like BHIM or Tez, and the transfers should go through fine.

  106. sayed nisar says:

    2 month back I purchase 100 shares with zerodha but since last 20 days I am trying to sell but admin is rejecting or getting cancelled I loss 3000 in this daily the value is going down please tell me how I can sell zerodha is not giving any response please help me to sell these shares

  107. XA5949 says:

    What would be the charges after 6 months on transacting through UPI?

  108. Ajay says:

    Did not work. ICICI UPI failed with an error that [email protected] is NOT a valid address. Is it still not live?

  109. Ashok says:

    Thank you Zerodha for providing UPI for fund transfer.
    It was a bit of process transferring funds by net banking.

  110. Prabha says:

    Issue while transferring from icici upi. The message says [email protected] is valid address. followed the exact steps in the blog. Please check from your end.

  111. Suresh says:

    When i try to transfer money through UPI – when i try to authorize in my mobile app (ICICI) it is saying “INVALID VIRTUAL ADDRESS”.

    Please address this issue.

  112. NAKUL TANDON says:

    Please respond to this open query of mine I posted above.

    I generally initiate an imps/neft from bank’s net banking to your account… Is that charged? Please clarify this..

    • Matti says:

      NEFT/IMPS is not charged by us, but your bank may charge you. UPI is free. Also, NEFT takes time to be updated. IMPS is generally instant but, as I said, bank charges may be levied.

  113. CPH says:

    What about transfer from Zerodha account to primary account?? The main issue is getting money faster in to my account than Zerodha’s.. With Angel and other brokers, funds get transfered within few hours same day of request made.

  114. Sandeep singh rawat says:

    Hi….UPI integration is a good add on for depositing funds.

    As per you the transaction is free. But, after depositing money through UPI, it is showing as additional charge of Rs. 9 & GST will be levied (In the payment transaction screen). Although, no such amount is deducted from my deposited money.

    Thanks.

  115. Anuj says:

    Not able to transfer funds through UPI as it continues show invalid UPI

  116. Priyank Nevatia says:

    There could not be a better example than this …

    Wednesday 28th March is the last trading day in March 2018 (financial year ending) also F&O expiry. Well now a lot of traders will be in a dilemma of should they withdraw funds on Tuesday and get the same in their banks on Wednesday or should they use those funds to trade on Wednesday. But if they choose to trade on Wednesday, they wont have access to that cash till Saturday (provided banks are open) and if not Saturday, they will have to wait till Tuesday 3rd April to get the funds in their banks. Now only if Zerodha allowed instant withdrawal as well, traders could have traded till 330pm on Wednesday and then requested a cashout to have the funds in their banks to use for the rest of the week while markets and banks are shut.

    Makes sense ?

  117. vel says:

    UPI payment not working. Getting error as “Invalid Request”

  118. Sandeep Roychoudhury says:

    NOT WORKING!!

    Error: Beneficiary payment address restricted.

  119. Pankaj Kumar Jain says:

    I am adding funds in Zerodha through UPI. An error occurred as “invalid VIRTUAL ADDRESS” while authorising the same in ICICI BANK.
    Please sorted out the matters.
    Thanks
    XB3821

  120. AKD says:

    Dear Zerodha,

    Congratulations! It’s nice to see a new process added for money transfer into trading account.
    But what about withdrawal? Forget about instant withdrawal request, you guys don’t permit your clients to place withdrawal request upto 8:45 am (in Equity segment) like other brokers (e.g. Upstox/RKSV, SAS etc.)! The most painful thing is that, in Zerodha the withdrawal cut-off time is 8:30 pm and one has to be extreeeemly lucky if his/her ledger is been updated on or before that time in the evening of that day. Generally….very rare. So if one wishes to take out his/her own profit of that day or the total, it’ll be close to impossible.

    So, I’m requesting you, please change the cut-off time of placing withdrawal request (Equity segment) from evening 8:30 pm to morning 8:30 am. It’ll immensely help us as a client to get some more time to plan/place/modify our withdrawal request. Please think…..if not instant, give us a little more time.

    • Vanu says:

      Yes, it’s true. Back office update takes place at late night or next day.
      Zerodha should change the cut-off time from evening to morning 8.30 am – 9.00 am like some other discount brokers.
      Because, many times we don’t get the time at evening & miss the strict cut-off deadline.

  121. Nawa, says:

    Sir

    Please make the withdrawal faster like deposits instant if possible with more optiona cant wait for 24 to 48hrs just for small withdrawal

  122. Anshul says:

    I did a UPI transaction using UPI app. I got the error “remitter cbs offline” on HDFC’s app and transaction failed at Zerodha’s end. I tried again and it failed again. But amount was deducted from my account both times and now I’m 1L short. 🙁

  123. Anant says:

    Please post different Banks’ daily limits.
    KMB, Axis, ICICI, IDBI, SBI, BOI, BOB, PNB, etc

  124. user says:

    Just one more data point from today that this doesn’t work with ICICI Bank. The same error saying invalid virtual address keeps appearing. Tried a few times and gave up on it. Please resolve this quickly.

    • Matti says:

      There was an issue with the older version of the ICICI Android app that has been resolved in the latest update by ICICI. If you’re still facing issues, I suggest you use another app, like Google Tez or BHIM. Should work just fine.

  125. Kalyan says:

    Hell,

    Looks like not able to click on UPI and not even continue as UPI is not clickable. AS zpin not working can not call even.
    How should I go about it now?

    Regards
    Kalyan

  126. rakesh says:

    On my ICICI bank imobile app while accepting the payment request it throws “INVALID VPA ADDRESS”. I am using the exact same steps as in this blog post and also getting the sms from icici for payment. I am using iphone with the latest update of icici app.

    Several users have posted this and you’re just giving the same lame response without trying to troubleshoot. Please try with some icici user and post a resolution.

  127. Nagaraj says:

    can i transfer the money to my trading account at night? if so when will it be credited? immediately or the next working day?

  128. Raju says:

    A buggy interface. Wastes lot of time and effort. Mostly shows “invalid VPA”. 85% time it failed to transfer money.

    • Matti says:

      Hey Raju, this seems to be an issue with certain UPI apps. I suggest you try an app like BHIM or Tez. Should work fine.

  129. yogesh kshirsagar says:

    i want to use upi for commodity segment but there is no option for commodity fund pay in via upi

  130. Avachar's son says:

    i have many upi IDs so Which can i use For pay – in

  131. Ravivarman says:

    Hi Matti,
    I have only my SBI account linked with zerodha. But I have two more of my other bank accounts linked with my UPI app. Can I transfer from any of those three accounts through UPI or will it accept only the transfers from the SBI account which is linked with zerodha ?
    Thanks.

  132. h says:

    Currently canara bank is not supported in your gateway. Any idea when it will be supported. So that ican do UPI transfer?

  133. Chandrakant A. Rajmane says:

    My Clint ID is xs0917 with Zerodha. I want to transfer funds to Zerodha.
    I have stuck at UPI ID.
    I don’t know my UPI I’d.
    Where can I get the UPI ID?
    Thanks
    Rajmane
    9341100646.

  134. RUSHANG BHADELIA says:

    UPI is also available for fund withdrawal?

  135. saikat says:

    can use paypal?

  136. Dalbir Singh Dhillon says:

    I am not receiving any notification in TEZ while adding funds.
    Please help.

  137. Krishan says:

    I tried since last week to add money using UPI. but not getting the notification on my App

    • Matti says:

      Hi Krishnan, this seems to be an issue at Axis. If you’re using UPI powered by Axis, you’d not receive the notification.

  138. Hitesh Patel says:

    axis bank….upi not working….not showing notification in app….

  139. Nikhil lakhani says:

    Issue with axis bank resolved or not ??

  140. Murali says:

    Sir I am unable to transfer through TEZ. Can you please look into whats the problem ? I had no problem doing it few days back. It was working but suddenly stopped. Money is getting debited but not crediting to your account. I got refunds instantly saying that your address is not found. Awaiting response.

  141. Guru says:

    Sir I trying to add money in equity fund via bhim sbi pay but I not able to add money because there showing invalid payee VPA address before well service adding fund but after update have problems like that.

    • Matti says:

      Hi Guru, this is an issue with the SBI app. We’re in touch with them, but this is something they need to fix. Please use another UPI app for the time being.

  142. A Rajaraman says:

    how do i contact you. the contact number provided asked for account number.

Post a comment