Posted on 17th Mar 2016
By way of Payment Gateway on the Zerodha Trader or Back office.
This is an Instant mode of fund transfer by using Zerodha's back office software with charges of Rs 9 per transaction. Funds can be transferred from around 20 major Banks of India.
By depositing funds by way of NEFT/RTGS/IMPS to your trading account
This is for Equity, F&O and Currencies, takes 2-10 hours depending on your bank, free from Zerodha's side but bank charges may apply.
The account details of Zerodha are as follows:
By depositing a cheque in your trading account:
It takes 3-5 working days and its free.
How can I withdraw funds from my Zerodha Trading Account?
You can place a withdrawal request for your funds by logging in your back office. Fund withdrawals are completely free and are credited only to your primary bank account. Withdrawal requests can only be placed online, and may take up to 24 hours to be credited to your bank account.
Zerodha Fund Withdrawal - Pay out is done once a day. The withdrawal file is generated EOD after trade process and calculation of clear balance in your account. Instance fund withdrawal is not possible because of market volatility and no one predict what will be end of the clear balance.This is the main reason all/max brokers do only End of day payout.
Zerodha has integrated its payment gateway with UPI. With this you can use UPI to transfer fund to Zerodha Account. This service is free for first 6 months. Max limit of UPI transfer is Rs 1 lakh per day, this also depend on bank to bank, you need to check with your bank for more details. UPI service is only for deposit at this time, not for withdrawals.
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