Zerodha Fund Transfer Review (Deposit & Withdraw)

Published on Sunday, October 21, 2012 by Chittorgarh.com Team | Modified on Wednesday, March 4, 2020

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Zerodha Fund Transfer offers several ways to deposit and withdraw funds from its trading, demat and mutual fund accounts. You could choose them based on your convenience and how fast you want it to be.

Some of the ways to transfer funds are free while others are paid.

1. Zerodha Fund Transfer (Deposit Funds)

Zerodha offers 4 modes for fund transfer to trading accounts - UPI, Instant Payment Gateway (Net Banking), Bank Transfer (IMPS/NEFT/RTGS) and Cheque.

Zerodha Fund Transfer Methods

Payment Mode

Charges

Time

Limit (Daily)

Timing

UPI

₹0

Instant

Up to ₹1 lakh

Anytime**

Net Banking

₹9

Instant

Up to ₹1 Cr

Anytime**

Bank Transfer (NEFT)

₹0*

2 to 10 Hrs

No Limit

Anytime

Bank Transfer (RTGS)

₹0*

30 minutes

No Limit

Anytime

Bank Transfer (IMPS)

₹0*

Instant

Up to ₹1 lakh

Anytime

Cheque

₹0

3 to 5 days

No Limit

Anytime

* Free at Zerodha, bank charges may apply

** Funds transferred to your trading account between 12 AM & 7:30 AM, will only get reflected on your trading account after 7:30 AM.

Note: As per SEBI guidelines, a trader needs to maintain separate balances for Equities and Commodities accounts. Zerodha has 2 separate bank accounts, one for equity and one for commodity.

  1. Zerodha Fund Transfer using UPI

    Unified Payments Interface (UPI) is an instant and free mode to transfer funds from one account to another. Zerodha offers the facility to add funds to your trading account from any UPI (BHIM, Banks Mobile App, Google Pay, etc) app.

    Steps to add funds in Zerodha through UPI

    To add funds to your Zerodha account using UPI, you would need a UPI app downloaded in your phone and the UPI ID. You can create a UPI ID by linking your bank account with the UPI. Once you have the app and UPI ID ready, follow the steps below:

    1. Login to Zerodha Kite,
    2. Click on the 'Funds' tab at the top menu
    3. Click 'Add Funds' button
    4. Add amount, segment, UPI ID and select UPI as a payment mode.
    5. Click on the 'Continue' button.
    6. You will get a confirmation SMS on your phone.
    7. Login to your net banking app i.e. ICICI iMobile.
    8. Click on 'BHIM UPI'
    9. Click on 'Pending Request'
    10. Check and accept the request from 'zerodhabroking@hdfcbank'

    Once the payment is successful, the funds will reflect in your Account. You can check by clicking Funds> Pay-in.

    Facts:

    • Zerodha Fund Transfer UPI Charges: Free
    • Zerodha Fund Transfer UPI Limit: Up to ₹1 lakh per day.
    • Zerodha Fund Transfer through UPI Time: Instant
    • Zerodha Fund Transfer UPI Timings: You can transfer funds anytime throughout the day. However, funds transferred to your trading account between 12 AM & 7:30 AM, will only get reflected on your trading account after 7:30 AM.
  2. Zerodha Fund Transfer using Net Banking

    You could add funds from any bank account using Zerodha's Payment Gateway. The funds get transferred instantly using the payment gateway. However, it is a chargeable service wherein you have to pay ₹9 + 18% GST per transaction.

    Steps to add funds in Zerodha through Payment Gateway

    1. Login to Zerodha Kite,
    2. Click on the 'Funds' tab at the top menu
    3. Click the 'Add Funds' button
    4. Add amount, segment, choose the account and select Net Banking as a payment mode
    5. Click on the 'Continue' button.
    6. You are taking to 'Net Banking' website of your bank.
    7. Login to your net banking and authorize the payment.

    Note: Charge of ₹9 + GST will be levied on the net banking transaction as Zerodha uses a 3rd party payment gateway for fund transfer.

    Facts:

    • Payment Gateway Charges: ₹9 + 18% GST per transaction.
    • Payment Gateway Limit: Between ₹50 to ₹1 Crore
    • Transfer Time: Instant
    • Transfer Timings: However, funds transferred to your trading account between 12 AM & 7:30 AM, will only get reflected on your trading account after 7:30 AM.
  3. Zerodha Fund Transfer using Bank Transfer

    You can also use NEFT/IMPS/RTGS facility offered by your bank to transfer funds to your Zerodha trading account.

    Here are bank details for fund transfer to Zerodha:

    Zerodha Bank Account for Fund Transfer

     

    NSE/BSE (Equity, F&O, Currency)

    MCX (Commodities)

    Bank Name

    HDFC Bank

    HDFC Bank

    Account Title

    ZERODHA BROKING LTD - CLIENT ACCOUNT

    ZERODHA COMMODITIES PRIVATE LIMITED

    Account Number

    ZERNSE

    ZERMCX

    Account type

    Current account

    Current account

    Bank Branch

    Sandoz Branch, Mumbai

    Sandoz Branch, Mumbai

    IFSC Code

    HDFC0000240

    HDFC0000240

    Steps to Transfer Funds through IMPS/RTGS/NEFT

    1. Login to your net banking account
    2. Click on Payments and Transfer and the 'Add a Payee'
    3. Add Zerodha as Beneficiary (Payee) by logging in your internet banking
    4. Authorize the payee by entering the OTP sent to your mobile
    5. Once the payee is added, transfer funds using any of the IMPS/RTGS/NEFT

    Note:

    • You can only transfer funds from Bank Accounts linked to your trading account.
    • Funds transfer using IMPS from HDFC Bank, or using NEFT/RTGS from Vijaya Bank or using IMPS/NEFT from any Co-operative Bank will not get automatically reflected in the trading account. Customers need to email a soft copy of the bank statement showing the transaction by raising a ticket with Zerodha.
  4. Zerodha Fund Transfer through Cheque

    You can add funds to your Zerodha trading account using a cheque with the following steps:

    1. Write a cheque in the name of 'Zerodha Broking Ltd' as payee for Equity, F&O, Currency Account, and 'Zerodha Commodities Pvt Ltd' to transfer to Commodity Account.
    2. Mention your Client ID on the back of the cheque
    3. Courier the cheque to the following address:

     

    #153/154 4th Cross Dollars Colony,

    Opp. Clarence Public School,

    J.P Nagar 4th Phase,

    Bangalore - 560078

     

    You can also choose to deposit the cheque in any HDFC bank branch. Create a ticket and attach a scanned copy of the cheque or the bank statement showing the transaction. Once confirmed, the amount will reflect in your trading account.

    Note:

    • Fund transfer through cheque is free.
    • It may take 3 to 5 working days for the amount to reflect in your trading account.
    • For cheque bounces, a charge of up to ₹350 would be levied.

2. Zerodha Fund Withdrawal (Zerodha Payout)

Transfer of funds from your trading account to your bank account is called Payouts. You need to put a payout request to withdraw funds from your Zerodha trading account.

Zerodha process fund payout request at the end of the day. This means you get funds in your bank account only by the evening.

Zerodha Instant Fund Withdrawals

Instant fund withdrawal is not available with Zerodha. This is in line with any other broker in India.

Zerodha is planning to allow instant fund withdrawal up to ₹50,000. The company is currently testing this facility and an announcement is soon.

As per a statement by the company dated, December 16, 2019:

The banks are awaiting more clarity from the RBI on the implementation of 24×7 NEFT. You'll start receiving the credit of your fund withdrawals on the same day post the implementation. We'll also start processing withdrawals on Saturdays and Sundays once this is live.

Zerodha Fund Withdrawal Process

You can place a payout request through Zerodha Console on your desktop or mobile browser. Steps for a payout request is as below:

  1. Log in to Console
  2. Click on the 'Funds' tab and then select 'Overview'.
  3. Enter the 'Withdrawal Amount' field and click on proceed.

Zerodha fund withdrawal limit

You can withdraw any amount above ₹100 available within the Withdrawal balance. Please note that the withdrawal balance is different from the available balance in your trading account. It is calculated as:

For equity, Withdrawal balance = (Available balance) - (today's and yesterday's stock holding sell value) - (today's and yesterday's intraday profits) - (today's F&O profits) - (present day's payin).

For commodity, Withdrawal balance = (Available balance) - (today's profits) - (present day's payin)

Zerodha fund withdrawal time

Zerodha offers a same-day fund withdrawal facility. The payout requests are processed by the end of the day at around 8 PM.

Zerodha fund withdrawal charges

The fund withdrawal facility is free. You can withdraw any amount above ₹100 within your account balance at zero cost.


Read more about Zerodha




Frequently Asked Questions

  1. 1. How to withdraw funds from Zerodha?

    To withdraw funds from your Zerodha trading account, you need to place a payout request. The payout request can be placed on Zerodha Console. Here are steps to place a payout request:

    1. Log in to Console
    2. Click on the 'Funds' tab and then select 'Overview'.
    3. Enter the 'Withdrawal Amount' field and click on proceed.

     

  2. 2. Does Zerodha charges for withdrawal?

    No, Zerodha doesn't charge any fee for withdrawing money from your trading account. You can withdraw any amount of money within the withdrawable balance for free of cost. The funds are transferred to your bank account at the end of the day. Funds cannot be withdrawn instantly.

     

  3. 3. How much Zerodha charge for withdrawal?

    No, there are no fees for withdrawing funds from your Zerodha trading account. You can withdraw money free of costs from your trading account. The funds are deposited in your bank account by the end of the day (any day of the week).

     

  4. 4. How much money can I withdraw from Zerodha?

    You can withdraw any amount within the Withdrawal balance. The minimum withdrawal amount is ₹100. The withdrawal balance is different from the available balance in your trading account. It is calculated as:

    For equity, Withdrawal balance = (Available balance) - (today's and yesterday's stock holding sell value) - (today's and yesterday's intraday profits) - (today's F&O profits) - (present day's payin).

    For commodity, Withdrawal balance = (Available balance) - (today's profits) - (present day's payin)

     

  5. 5. How much time Zerodha take to withdraw money?

    Zerodha offers a same-day fund withdrawal facility. The funds are transferred by the end of the day at around 8 PM. The instant fund withdrawal is not available at this time but it is coming soon.

     

  6. 6. What is the payment gateway charge in Zerodha?

    Zerodha charges a payment gateway charge of ₹9 + GST for transferring funds from your bank account to your trading account using net banking. This charge is only on transferring funds using instant payment gateway facility. Other transfer modes like Cheques/NEFT/RTGS/IMPS are free.

     

  7. 7. Why I am not able to withdraw money from Zerodha?

    You may not be able to withdraw money due to following reasons-

    1. The withdrawal request is for an amount higher than the available withdrawable balance available in your account. It is calculated as:

      For equity, Withdrawal balance = (Available balance) - (today's and yesterday's stock holding sell value) - (today's and yesterday's intraday profits) - (today's F&O profits) - (present day's payin).

      For commodity, Withdrawal balance = (Available balance) - (today's profits) - (present day's payin)

    2. You have a negative withdrawal-able balance in either of the equity or commodity accounts.

     

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3 Comments

kshitij kumar
3. kshitij kumar  Apr 30, 2016 12:46 I Like It. | Report Abuse Reply
sir, i just opned my account 1 days before. and i want to transfer my trading money into my bank account.how can i do so.
vinod
2. vinod  Oct 6, 2014 16:32 I Like It. | Report Abuse Reply
How much amount you can transfer from zerodha to HDFC saving max?

Is call and tarde faculity is good?

Is thare any unatuorised tarding in acount?

I dont want any call from Zerodha and want only support and call and tarde facility/
raj
1. raj  Dec 17, 2013 20:11 I Like It. | Report Abuse Reply
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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