Upstox Fund Transfer Review

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Upstox offers multiple ways to add money to the trading account. The discount broker allows real-time UPI-based fund transfer to the Upstox Trading Account for free. UPI payment gateway (PhonePe, Google Pay) transfers funds instantly to the trading account. Customers can also add funds to the Upstox account through net banking, cheque, and NEFT/RTGS. You can add or withdraw money through the Upstox Pro web or mobile app. Check out more about the Upstox fund transfer and withdrawal process, charges, timing, and more.

Upstox Fund Transfer through UPI

If you are a UPI user like PhonePe, Google Pay, etc. then it is the most convenient and simple way to add funds instantly to the Upstox trading Account at zero charges. The only thing is that you have to make sure that the UPI App and Upstox Demat Account must be linked with the same bank account (either primary or secondary) because third-party transactions will be rejected.

Steps to add funds to Upstox account using UPI

  • Login to the Upstox Pro app on your phone.
  • Go to the “Funds” tab and then click on the “Add Funds” option.
  • Once clicked, the page will direct you to the fund transfer window.
  • Enter the amount you wish to add, select UPI mode, and enter the UPI ID address.
  • Click on the “Continue” option and accept the payment mandate notification sent to the UPI address.
  • Once you accept the request, funds will be instantly credited to the Upstox account.

Upstox Fund Transfer through Net Banking

Customers can also add money to the Upstox account in real-time through their bank’s net banking portal. Upstox has partnered with 20+ banks to allow customers to transfer funds to Upstox Securities and Commodities account via ATOM and Razorpay payment gateway.

Steps to add funds in Upstox through Net banking

  • Login to the Upstox Pro platform.
  • Visit the “Funds” tab and tap on the “Add Funds” option.
  • Enter the amount to add, select “Net banking” as a mode of payment, and press the “continue” option.
  • The page will direct you to your bank’s internet banking portal.
  • Now, enter your bank’s security credentials to authorize the payment request.
  • Once accepted, funds will be added instantly to your account.

Upstox payment gateway charges: Rs. 7 per transaction

Upstox Fund Transfer through Cheque

Cheque based fund transfer process is a traditional method and Upstox allows customers to add funds via cheque.

  1. Write a cheque addressing “RKSV Securities India Pvt Ltd” to fund equity account or “RKSV Commodities India Pvt Ltd” to transfer funds to commodity account.
  2. Send a scanned copy or photo of the cheque to Upstox.

Note: Cheque written must be of your registered bank account and it will take nearly 3-5 working days to add funds in Upstox through cheque.

Upstox Fund Transfer through NEFT/RTGS/IMPS

Customers can add funds to the Upstox account from their bank account via NEFT/RTGS, or IMPS. Here is the process on how to add money in Upstox using a bank account.

  • Login to their bank’s net banking account.
  • Add RKSV Securities as the Payee or beneficiary with your registered bank.
  • Now, funds can be transferred to the Upstox account using NEFT/RTGS, or IMPS as per your choice.

Upstox Bank Account details to add money using bank transfer;

Securities/Equity Trading Account Commodity
Bank HDFC Bank HDFC Bank
Account Name RKSV Securities India Pvt Ltd RKSV Commodities India Pvt Ltd.
Account Number 00600340067574 15770340022236
Account type Current Account Current Account
IFSC Code HDFC0000060 HDFC0000060

Upstox Fund Transfer Charges

UPI Free
Net Banking Rs. 7 per transaction
IMPS Free
NEFT Free
RTGS Free
Cheque Free

Note: Upstox doesn &t charge anything on IMPS/NEFT/RTGS fund transfer, however, bank charges may apply.

Upstox Fund Transfer Timing

Check out the table here to know the time required to transfer funds to your Upstox account;

UPI Instant Fund Transfer
Net Banking Instant Fund Fransfer
IMPS Instant Fund Transfer
NEFT 2-3 hours
RTGS 2-3 hours
Cheque 3-5 working days

Upstox Fund Withdrawal

Upstox withdrawal process is as simple as funding the Upstox account. You can withdraw funds from your Upstox Trading account online in a hassle-free manner. Customers can place fund withdrawal requests on the Upstox Pro web and mobile app as per their choice. Make sure to not have any open orders placed from your account.

Steps to withdraw funds in Upstox

  1. Login to the Upstox Pro platform using Upstox account credentials.
  2. Here, both the “Securities” and “Commodities” account options with available fund balances will be displayed.
  3. Click on the “Withdraw funds” option respective to the account, you wish to withdraw funds from.
  4. The fund withdrawal request page will be displayed, enter the amount you want to withdraw.
  5. Submit the fund withdrawal order, once the request is processed, money will be credited into your primary bank account.

Upstox Fund Withdrawal Charges

    Withdrawing money from an Upstox account is absolutely free of cost and available at no charges. Upstox facilitates instant withdrawal of Rs. 50,000 to your bank account within 15 minutes.

Upstox Fund Withdrawal Timing

    All the fund withdrawal requests received by the Upstox team are processed at the end of every working day, thus, it will take upto 24 hours to successfully process the withdrawal requests and credit money into your bank account.

    If you have placed a request to withdraw funds from 9 AM to 4 PM then the money will be credited into your bank account the same day. However, withdrawal requests placed after 4 PM will be processed on the next working day.

Last updated on 13th Jul 2021

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FAQs

  1. 1. Does Upstox allows UPI fund transfer?

    Yes, Upstox allows fund transfer facility through UPI on the pro web as well as Pro mobile trading application. Customers can add funds instantly to the trading account using UPI for free. The maximum fund transfer limit through UPI is Rs. 1 Lakh.

     

     

  2. 2. How to add funds in Upstox Pro app through UPI?

    Upstox Pro app facilitates instant and real-time fund transfer facility through UPI payment mechanism. The UPI fund transfer process is very simple and hassle-free and charged with nil brokerage.

    1. Login to the Upstox Pro web platform.
    2. Click on the rupee icon on the top right corner and click on the “Add Funds” option.
    3. Enter amount, select UPI as a payment mode, provide virtual payment address (UPI ID), and then press “Continue”.
    4. Accept the payment request sent on your UPI app.
    5. Once the request is approved, the amount will be instantly credited to the Upstox Trading Account.

     

     

  3. 3. How long does it take to withdraw money from Upstox to bank account?

    Upstox team processes the fund withdrawal request at the end of every working day, hence, if you have placed the order to withdraw money before 4 PM, then it will be transferred into your primary bank account on the same working day, however, withdrawal requests placed after 4 PM will be processed by the team on the next working day. Funds withdrawal requests placed by customers on the 2nd and 4th Saturday and or public holidays will be processed on the next working day.

     

     

  4. 4. How to withdraw money from Upstox Pro app?

    Upstox customers can place fund withdrawal requests on the Pro web or Pro mobile app. The broker facilitates free fund withdrawal at zero charges.

    Steps to withdraw funds from Upstox Pro app:

    1. Log in to the Upstox Pro Mobile App.
    2. Click on the “Funds” tab.
    3. The screen will show the available balance amount in the “Securities” and “Commodities” accounts.
    4. Click on the “Withdraw funds” option in the securities tab (equity account) or in commodities to withdraw the balance from the Upstox commodity account.
    5. Now, enter the amount restricted to the maximum fund withdrawal limit and place the order.
    6. Once the withdrawal request is placed successfully, then your bank account will be credited with the withdrawal amount.

     

     

  5. 5. How to check fund deposit and withdrawal history on the Upstox app?

    You can check complete fund transfer history including deposits (payin) as well as withdrawal (payout) details of the past on the Upstox Pro mobile app on Android and iOS devices. Here is the process on how to check payins and payout history on the Upstox Pro mobile app.

    • Install and log in to the Upstox Pro app.
    • Tap on the “Funds” tab and then click on the “View Payment History” option.
    • Here, on the top, “Deposits” and “Withdrawal” tabs will be visible.
    • Click on the correct option to check the fund deposits and withdrawal history.

     

     

  6. 6. How much does Upstox charges on fund withdrawal?

    Nil, yes fund withdrawal from the Upstox Trading Account is absolutely free at zero fees. Upstox customers can place the fund withdrawal request on the Pro Web platform or through using the Upstox Pro mobile app. Upstox processes the fund withdrawal requests within 24 hours.

     

     

  7. 7. How to add funds in Upstox account?

    Upstox provides a number of ways to add money in the Upstox account for online trading and investment across different segments like shares, futures & options, commodities, and currency. Here are the details;

    • UPI fund transfer: Add money instantly to Upstox account for free through Unified Payment Interface (UPI).
    • Net Banking: Transfer funds in Upstox through your bank’s net banking portal at an applicable payment gateway charges of Rs. 7 for each fund transfer.
    • Cheque: Write a cheque addressing RKSV Securities to add funds through the traditional method of the cheque.
    • NEFT/RTGS/IMPS: Add RKSV Securities as a Payee in your bank account and transfer funds via IMPS/NEFT/RTGS.

     

     

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  2021-05-27T01:05:08+00:00






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