Table of Contents
How Has Flattrade Made Online Fund Transfer Easy?
Why My Trading Account Does Not Reflect Money Added via NEFT/IMPS Transfer?
Can I Add Funds Through Cheque Payment?
Which Documents Do I Need to Open a Flattrade Demat Account?
How can I Apply for Flattrade IPO?
Can a Minor Apply for Flattrade IPO?
Flattrade is a reliable stock broking company, having a safe, secure stock trading platform online. It is regarded as one of the best trading platforms in India, and it stands apart due to its ability to offer Commodity Trading, Equity Trading, Futures and Options and more at zero brokerage rates. Go through our Flattrade FAQ section and know about some important questions asked frequently by traders and investors about this company and its products and services.
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How Has Flattrade Made Online Fund Transfer Easy?
The UPI payment of Flattrade has made it more convenient to make fund transfer online. You have to follow these steps to make transfer:
- Use your app or web trading platform, and click the “Add Fund” option.
- Press on the online transfer option.
- Next, choose the UPI option from the drop-down menu.
- Type in the sum of money that you wish to get transferred to your own trading account.
- The UPI payment app will send you a notification for payment authorization.
- Once the payment is successful, the sum that is transferred will be reflected immediately on your own trading account and ledger.
Read on: Flattrade Margin Trading Facility: A Comprehensive Investors’ Guide for 2024.
Why My Trading Account Does Not Reflect Money Added via NEFT/IMPS Transfer?
It might take 2 hours for your Flattrade Account to reflect credit of funds added via NEFT. However, in just 3 minutes of transfer, IMPS transactions begin to reflect.
In case it takes more time that this duration, and your FCS/FTC Account do not show funds credited, it is possible that you have used an unmapped / unregistered account to transfer the funds. In such cases, you need to send an email with transaction reference no / UTR to accounts@Flattrade.in.
It is also possible in case the stock broker does not obtain your bank information from the remitting bank. In case you have used your registered bank account to transfer the funds, and your trading account does not show the funds in the time duration that is mentioned above, send a mail to the id: support@Flattrade.in for raising a ticket. You will be helped by the customer support representative.
In case you are using Central Bank, Lakshmi Villas Bank, Bank of India, Allahabad Bank or Syndicate Bank to add money via IMPS or making use of NEFT / IMPS from any co-operative bank, your trading account will not reflect the funds automatically. You have to send your bank statement as a soft copy, exhibiting a debit towards Flattrade account. You can send an email to raise a ticket to this id: support@Flattrade.in.
It is recommended that you make use of UPI in the form of an alternative in the cases mentioned above.
Can I Add Funds Through Cheque Payment?
As of now, Flattrade does not let traders pay out or pay in through cheque.
How Do I Make Withdrawals?
In order to withdraw funds, you have to follow any of these two methods:
- Sign in to your Back Office account or
- Use web platform or your app, and click “Withdraw”.
- From this option, in the top navigation bar you have to make a click on ‘Requests’.
- After this is done, go to the drop-down menu, and click on ‘Withdraw Funds’.
- Click on ‘View Punch’
- Now go to the Withdraw Amount’ field and type in the sum of money that you want to draw out.
- Pick any bank account that is associated to your account (in case you connected multiple bank accounts at the time of registration) for the amount transfer process.
- Click on the ‘Payment’ option.
Once you manage to do all these things with success, a payment request confirmation message will come to you.
Keep in mind that processing of any withdrawal request that is made before 8 a.m. in CD, F&O, CASH and Commodities will be handled on same-day basis. Processing of requests made after 8 a.m. will be carried out on the following working day. Any withdrawal request that is made on Saturdays and Sundays / trading holidays / bank holidays will get processed and credited to your respective bank account on the following working day.
Which Documents Do I Need to Open a Flattrade Demat Account?
You can open up a Demat account in Flattrade easily and free of cost, by using the Flattrade online process. These are the documents that you need to show, while trying to open a Flattrade demat account:
- Address Proof
- Pan card
- Cancelled cheque leaf
- Email id and Mobile number updated in Aadhar
How can I Apply for Flattrade IPO?
These are the steps that you need to follow:
- Use your registered mobile number, UCC or PAN for logging in.
- In the existing IPO section, you have to choose the issue.
- Type in how many lots and at which rate you want to apply for.
- Type your UPI ID in.
- Press on the “Add Bid” option. Once you do this, you can place your bid with the exchange.
- A mandate notification will come to you, for funds blocking in your UPI app.
Read on: Flattrade Algo Trading 2024: A Complete Guide for Traders.
Can a Minor Apply for Flattrade IPO?
Even a minor is able to apply for IPO shares after opening of a Demat account in his name. It is supposed to be operated by the guardian of the minor. A minor can ideally make an IPO application by using net-banking ASBA associated with the details of their Demat account, which is subject to T&C.
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Conclusion
As you can understand, Flattrade is one of the best stock broking platforms out there with clear rules, regulations, terms and policies to make the process easier for traders and investors in India. We hope that our post on frequently answered questions about Flattrade will help you use its stock trading platform and other products and services with more convenience.
