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Zerodha Fund Transfer (Deposit & Withdrawal)

Posted on 10/21/2012 6:27:17 AM by Chittorgarh.com Team

How do I transfer and withdraw money from Zerodha Trading Account?

Zerodha offers 3 easy money transfer options to suite customer requirement. You can use the appropriate channel depending on your bank account.

  1. NEFT/RTGS using your bank's payment gateway

    • Fee: Free
    • Type: Only Deposit
    • Limit: As per your bank
    • Time Taken: 2 to 3 hours

    You can transfer funds to your trading account from any linked bank account [Only Zerodha Linked Bank Account] using NEFT/RTGS fund transfer facility from your bank's own payment gateway.

    To transfer funds from your linked bank, you have to add Zerodha as a payee and then transfer funds. Once Zerodha is confirmed as a Payee, you need to make an online fund transfer and send us an email [to fundtransfer@zerodha.com] giving Zerodha the details of the transaction reference number. Zerodha will update your trading limits as soon as the funds are available in its account and send you an SMS confirming the same.

      You can use following detail to add Zerodha as Payee to your account:

    • Account Name: Zerodha
    • Account Number: 05230340001348
    • Bank/Branch: HDFC Bank, Richmond Road, Bangalore
    • Account Type: Current Account
    • IFSC Code: HDFC0000523 (Required for RTGS transfers)

      Please Note:
    • Deposits on bank holidays will be processed on the next working day.
    • Funds deposited from HDFC bank account will result in instant credit.
    • Funds deposited from any other bank will usually take 2 to 3 hours through RTGS/NEFT.
    • Use option 2 (Zerodha Backoffice) to withdraw funds.

  2. Zerodha Backoffice

    • Fee: Rs 9 + service tax per transfer
    • Type: Deposit & Withdrawal
    • Limit: Maximum of Rs 5 lakhs per day
    • Time Taken: Instant
    • Supported Banks: Popular 20 banks

    • You can transfer funds using Zerodha Backoffice Website. To transfer funds from your Back Office software, please do the following:

      1. Log into your back office software using Internet Explorer.
      2. On the home page, you have an option called 'My Accounts' on the left side.
      3. Under 'My Accounts' please click on ‘Transfer Funds Online’.
      4. Select the 'Exchange' as ‘NSE EQ’ and then enter the amount you wish to transfer to Zerodha.
      5. This will take you to the payment window. Please do as software suggests and transfer the required amount.
      6. Your trading account will reflect this balance immediately.

    • You can also withdraw funds using Zerodha Backoffice Website. This fund pay-out of available for free. To withdraw funds from your Back Office software, please do the following:

      1. Log into your back office software using Internet Explorer.
      2. On the home page, you have an option called 'My Accounts' on the left side.
      3. Under 'My Accounts' please click on ‘Place withdrawal'.
      4. Fill the ‘Request Amount’ field and click ‘Save’ button.
      5. Your withdrawal request will be processed by RTGS/NEFT transfer at the end of the same trading day. In most cases the withdrawal will be reflected in your bank account the next working day.

  3. By Cheques

    • Fee: Free
    • Type: Deposit & Withdrawal
    • Limit: No Limit
    • Time Taken: up to 3 business days

    • You can transfer money to Zerodha by sending them a cheque of the bank account that is linked to your trading account. Check should be payable to :

      • Account Name: Zerodha
      • Account Number: 05230340001348
      • Bank/Branch: HDFC Bank, Richmond Road, Bangalore


      • Address to send the cheque:
        Zerodha,
        175/176 2nd floor, Bannergatta Road,
        Bilekhalli, Bangalore 560076,
        Karnataka, India


    • You can also request (withdraw) money though cheque. This can be done by calling Zerodha customer support. It usually takes 3 to 5 days to receive the cheque from Zerodha.

  4. Using NowOnline.in

    • Fee: Free
    • Type: Deposit
    • Limit: No Limit
    • Time Taken: Instant
    • Supported Banks: Only HDFC Bank and Axis Bank

    While Zerdoha is in process of migrating the customers to new trading platform 'Zerodha Trader', many customers are still actively using NOW as trading platform.

    To transfer funds from http://www.nowonline.in/ using (HDFC Bank / Axis Bank) please do the following:

    1. Log into http://www.nowonline.in/ using Internet Explorer.
    2. On the home page, you have an option called 'Fund Transfer'.
    3. Hover your mouse on 'Fund Transfer' and this will open up 'Pay in'.
    4. This will take you to your bank's payment gateway and you can transfer funds instantly.
    5. Your trading account will reflect this balance immediately.

In case of any zerodha fund transfer related questions, please feel free to contact Zerodha Customer Support.

Open an account with Zerodha

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User Comments

   
1.  raj      Dec 17, 2013 8:11:09 PM IST
i open account with zerodha 3daysback,i have account in citi bank that i mension in application in zerodha account open application,isee citibbank is not available in 20 banks that zerodha have link,pls help me how can i transfer funds for trading in zerodha

 


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