Upstox Fund Transfer Review

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. Upstox allows online fund transfer through 40+ supported banks at Rs. 7 payment gateway charges from customers. 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.

Note: Upstox doesn not charge anything on IMPS/NEFT/RTGS fund transfer, however, bank charges may apply.

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 a 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.