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Zerodha Fund Transfer: How to Transfer Funds to Your Zerodha Trading Accounts?
How to Withdraw Funds from Your Zerodha Trading Account?
Zerodha, one of India is leading discount brokerage firms, has gained immense popularity among traders and investors for its low-cost trading services. While trading on the Zerodha platform is hassle-free and cost-effective, understanding how to transfer funds to your trading account is crucial for a seamless trading experience. Know all about the Zerodha Fund Transfer process, including the top four ways to transfer funds to your Zerodha trading account. This will ensure that you have the financial flexibility to make the most of your investments.
Open an account with Zerodha.
Zerodha Fund Transfer: How to Transfer Funds to Your Zerodha Trading Accounts?
Zerodha provides multiple methods to deposit funds into your trading account. The choice of method depends on your convenience and how quickly you need the funds to reflect in your account. Here are the 4 available modes of Zerodha fund transfer:
a. Zerodha Fund Transfer via UPI (Unified Payments Interface)
- Fees: None
- Processing Time: Immediate, Available 24/7
- Daily Limit: Up to Rs 1 lakh.
The Unified Payments Interface (UPI) serves as a swift and cost-free means of transferring funds between two accounts. You have the option to deposit funds into your Zerodha trading account utilizing any UPI application, such as BHIM, your bank is mobile app, or Google Pay, by following these instructions:
- Access your Zerodha Kite account.
- Navigate to the ‘Funds’ section located in the top menu.
- Click on the ‘Add Funds’ button.
- Specify the desired amount, segment, UPI ID, and opt for UPI as the chosen payment method.
- Proceed by clicking ‘Continue.’
- Subsequently, you will receive a confirmation SMS on your mobile device.
- To finalize the transaction, log in to your net banking application (for example, ICICI iMobile).
- Select the ‘BHIM UPI’ option and access ‘Pending Requests.’
- Validate and approve the request originating from ‘zerodhabroking@hdfcbank.’
- Upon the successful completion of the payment, the funds will promptly reflect in your Zerodha account.
Check out – Zerodha Review 2023: Order Types, Trading Platforms, Margin Charges, Customer Service and Pros & Cons.
b. Zerodha Fund Transfer via Net Banking
- Fees: Rs 9
- Processing Speed: Immediate, Available at Any Hour
- Daily Limit: Up to Rs 1 Cr.
You have the option to deposit funds into your Zerodha trading account from any bank account using the Payment Gateway. Although this method ensures rapid Zerodha Fund Transfer, it does entail a fee of Rs 9, along with an 18% GST charge per transaction.
To proceed with this Zerodha Fund Transfer method, follow these steps:
- Initiate your session by logging into Zerodha Kite.
- Navigate to the ‘Funds’ section.
- Opt for ‘Add Funds.’
- Specify the desired amount, segment, select the account, and designate Net Banking as the chosen payment method.
- Proceed by clicking ‘Continue.’
- Subsequently, you will be redirected to your bank is net banking website, where you can authorize the payment securely.
c. Zerodha Fund Transfer via Bank Transfer (NEFT/RTGS/IMPS)
- Fees: None
- Timing: At your convenience, with durations ranging from 2 hours to 5 days, depending on the chosen method.
- Daily Limit: Unlimited.
You can also use IMPS RTGS, or NEFT facilities offered by your bank for transferring funds to your Zerodha trading account. Here are the bank details you will need for this Zerodha Fund Transfer:
* For NSE/BSE (Equity, F&O, Currency)
- Bank Name: HDFC Bank
- Account Title: ZERODHA BROKING LTD – CLIENT ACCOUNT
- Account Number: ZERNSE
- Account Type: Current account
- Bank Branch: Sandoz Branch, Mumbai
- IFSC Code: HDFC0000240
* For MCX (Commodities)
- Bank Name: HDFC Bank
- Account Title: ZERODHA COMMODITIES PRIVATE LIMITED
- Account Number: ZERMCX
- Account Type: Current account
- Bank Branch: Sandoz Branch, Mumbai
- IFSC Code: HDFC0000240
For Zerodha Fund Transfer using these methods, follow these steps:
- Visit your net banking account, and log in.
- Visit the ‘Payments and Transfers’ section and designate Zerodha as the beneficiary (payee).
- Validate the payee by entering the OTP sent to your mobile.
- Once the payee has been successfully added, proceed to Zerodha Fund Transfer using IMPS, RTGS, or NEFT as per your preference.
d. Zerodha Fund Transfer via Cheque
- Fees: None
- Timing: At your convenience, with a processing duration of 3 to 5 days.
- Daily Limit: Unlimited.
To infuse funds into your Zerodha trading account, you have the option of making a deposit via a cheque payable to ‘Zerodha Broking Ltd’ for Equity, F&O, and Currency accounts, or ‘Zerodha Commodities Pvt Ltd’ for Commodity accounts. It is crucial to include your Client ID on the reverse side of the cheque. You can either send the cheque through courier to the specified Zerodha address or deposit it at any HDFC bank branch.
How to Withdraw Funds from Your Zerodha Trading Account?
To withdraw funds from Zerodha trading account, you need to initiate a payout request. Zerodha processes these requests at the end of the day, and you can expect the funds to reach your bank account by the evening. Here is how to request a payout:
- Access your Zerodha Console by logging in.
- Navigate to the ‘Funds’ tab and choose ‘Overview.’
- Specify the withdrawal amount and click on ‘Proceed.’
Regarding Zerodha is Fund Withdrawal Limit, please note that you can withdraw any sum exceeding Rs 100, provided it is available within your Withdrawal balance. The calculation of the withdrawal balance differs between equity and commodity accounts:
For equity accounts:
Withdrawal balance = (Available balance) – (today is and yesterday is stock holding sell value) – (today is and yesterday is intraday profits) – (today is F&O profits) – (present day is paying).
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For commodity accounts:
Withdrawal balance = (Available balance) – (today is profits) – (present day is paying).
As for Zerodha is Fund Withdrawal Time, it facilitates same-day fund withdrawals, with payout requests being processed by the end of the day at approximately 8 PM.
The good news is that Zerodha does not levy any Fund Withdrawal Charges, making it a cost-free service. You have the freedom to withdraw any amount exceeding Rs 100 from your account balance without incurring any additional costs.
Note: Be sure to check the latest updates from Zerodha for any changes in Zerodha Fund Transfer and withdrawal options.
Read on Zerodha Commodity Trading Review – Charges, Market Timing and More.
Conclusion
There are ample Zerodha Fund Transfer and withdrawal methods to cater to the diverse needs of traders and investors. Whether you prefer the speed of UPI, the convenience of net banking, the reliability of bank transfers, or the traditional approach of using cheques, Zerodha has you covered. Choose the Zerodha Fund Transfer method that suits you best and fits your trading requirements. Also, stay updated with Zerodha is latest features and announcements to take full advantage of its services. Happy trading!
