Zerodha Fund Transfer Review

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To start online trading with Zerodha, clients have to deposit or withdraw funds to and from their trading account. Zerodha offers a hassle-free fund transfer process through multiple ways to provide ease and convenience to customers. In March 2018, Zerodha has launched the UPI-based fund transfer process to facilitate customers to deposit and withdraw money to their Zerodha account using UPI. You can also add money using net banking, bank transfer (NEFT, RTGS, and IMPS), and cheques. Go through with the complete review of the Zerodha Fund Transfer process, how to add and withdraw funds, fund transfer charges, timing, deposit and withdrawal limit, and more.

Zerodha Fund Transfer through UPI

The discount broking firm offers free fund transfer through UPI at zero charges. You just need a UPI ID on any BHIM UPI App.

Steps to add money to Zerodha account using UPI

  1. Firstly, log in to the Zerodha Kite platform.
  2. On the top, click on the “Funds” tab and tap on the “Add Funds” option.
  3. Add Amount, segment, provide UPI ID, and select UPI as a payment mode.
  4. Once entered, click on the “Continue” option.
  5. A payment request will be sent to your UPI app, accept the mandate request to successfully transfer funds to your account.
  6. Once the payment is successful, it will reflect in your Zerodha Trading account.

Note: Zerodha maintains separate equity and commodity trading account, so if you want to add money to the equity account then select Equity/Derivates/Currency segment and select Commodity (MCX) segment to add money to the commodity account.

Zerodha UPI Fund Transfer Process

Zerodha Fund Transfer through Net Banking

Zerodha allows instant fund transfer through net banking using a payment gateway facility. The discount broking firm allows fund transfer through 25+ banks.

Steps to add funds to Zerodha account using net banking:

  1. Login to the Zerodha Kite platform.
  2. On the top menu, click on the “Funds” tab and then press on the “Add Funds” option.
  3. Enter details like amount, segment, account, and select net banking as a payment mode.
  4. Click on the “Continue” option and the page will direct you towards the net banking website.
  5. Login to your net banking and authorize the payment request.
  6. Once accepted, the funds will be successfully credited to the Zerodha account.

Zerodha Fund Transfer through net banking charges: Rs. 9 + GST.

Zerodha Fund Transfer using Bank account

Zerodha facilitates customers to add money to their trading account using IMPS, NEFT, or RTGS facility. Here are the steps to transfer funds from bank to Zerodha account;

  1. Login to the Zerodha net banking account.
  2. Click on the payments & transfer tab and then tap on the “Add a Payee” option.
  3. Add Zerodha Broking as a Payee and enter the OTP to authorize the payee.
  4. Once Zerodha is added as a Payee successfully, you can transfer funds using IMPS, NEFT, or RTGS.

Zerodha Bank Account details to add money using bank transfer;

Equity/Derivatives/Currency Commodities (MCX)
Bank HDFC Bank HDFC Bank
Account Name Zerodha Broking Ltd Client Account Zerodha Commodities Private Limited MCX
Account Number ZERNSE ZERMCX
Account type Current Account Current Account
Bank Branch Sandoz Branch, Mumbai Sandoz Branch, Mumbai
IFSC Code HDFC0000240 HDFC0000240

Zerodha Fund Transfer through Cheque

Clients can write a cheque in the name of brokers to add money to their account at zero charges. It may take 3 – 5 working days to add money to their Zerodha account.

Steps to add money to Zerodha Trading Account using cheque:

  1. Write a cheque in the name of Zerodha Broking Ltd (in case of equity/Derivatives/Currency) and “Zerodha Commodities Pvt Ltd” to add money to the commodity account.
  2. Mention client ID on the backside of the cheque.
  3. Courier it to the Zerodha Bangalore Head office address.

Zerodha Fund Transfer Charges

UPI Free
Net Banking Rs. 9 + GST
IMPS Free
NEFT Free
RTGS Free
Cheque Free

Note: Although transferring funds to Zerodha account through IMPS/NEFT, and RTGS is free but bank charges may apply on each fund transfer.

Zerodha Fund Transfer Timing

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

UPI Instant Fund Transfer
Net Banking Instant Fund Fransfer
IMPS Instant Fund Transfer
NEFT 2-10 hours
RTGS 2-10 hours
Cheque 3-5 working days

Zerodha Fund Transfer Limit

Fund Transfer Limit
UPI Upto Rs. 1 Lakh
Net Banking Upto Rs. 1 Cr
IMPS 2 Lakh per transaction (Maximum Rs. 20 lakh daily)
NEFT Upto Rs. 20 lakh per day
RTGS 2 Lakh per transaction [Maximum Rs. 20 Lakh daily]
Cheque No limit

Zerodha Fund Withdrawal Process

Customers can withdraw funds from their trading account within the fund withdrawal limit. You can withdraw funds anytime on the console to your registered bank account. Check out the process/steps to withdraw money from Zerodha to bank account;

  • Login to the Zerodha Kite platform.
  • Once logged in, on the top menu, click on the “Funds” tab.
  • Tap on the “Withdraw” option and the page will direct you towards the Zerodha console.
  • Enter the amount you want to withdraw and tap on the “Proceed” button. As Zerodha maintains separate equity and commodity trading account so enter the withdrawal amount in the respective segment and click on the “Proceed” button.
  • The amount will be successfully credited to your bank account within the stipulated time frame.

Zerodha Fund Withdrawal Charges

    The discount broking firm offers a free fund withdrawal facility at zero charges means the discount broking provides zero brokerage payout.

Zerodha Fund Withdrawal Time

    You can withdraw funds anytime online from your trading account. All the withdrawal requests that are placed on or before 8:30 PM (equity) and 8:00 AM (MCX) will be processed the same day within 24 hours however, if you placed a payout request after the stipulated time or on weekend then funds will be credited to the linked bank accounts on the next working day.

Zerodha Fund Withdrawal Limit

The minimum withdrawal limit is Rs. 100 thus, customers can withdraw funds from Rs. 100 to the maximum withdrawable limit from their account. Every client has a different fund withdrawable limit (maximum withdrawal amount) that is calculated as follows;

  • Equity Trading Account = Available fund balance – Today and t-1 stock holding sell value – Today and t-1’s intraday gains – Today’s F&O profits – Today’s fund payin
  • Commodity Trading Account (MCX): Available balance) - (Present day’s profits) - (Today’s payin)

Last updated on 27th May 2021

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FAQs

  1. 1. How long does it take to withdraw money from Zerodha to Bank account?

    You can place fund withdrawal request anytime online to transfer money from Zerodha to the linked bank account. Funds will be credited or transferred to bank account within 24 hours as Zerodha processes all the withdrawal requests on 8:30 PM (equity, F&O, and currency) and 8:00 AM (commodity). If you have placed request after the stipulated time or on any weekend, then, it may be processed next working day. In case, if you still don’t receive money then you can raise a ticket to Zerodha customer support representative to fix the issue.

     

     

     

  2. 2. What is Zerodha fund withdrawal time?

    Zerodha clients can place fund withdrawal request anytime by login into the console platform from Zerodha Kite either on mobile or app platform. Funds are transferred within 24 hours to your registered bank account. Equity, derivative, and currency withdrawal requests are processed at 8:30 PM whereas commodity withdrawal requests are processed at 8 AM.

     

     

     

  3. 3. How much does Zerodha charge to withdraw funds from my account?

    Nil, Zerodha doesn’t charge anything from customers to withdraw money from their trading account to bank account. Customers can withdraw funds within the withdrawal limit for Free. The broker provides online instant withdrawal facility to get the money to their mapped bank account within 24 hours.

     

     

     

  4. 4. How do I add money to Zerodha account using Net banking?

    Steps to transfer funds to Zerodha trading account via Net banking;

    1. Login to the Zerodha Kite platform.
    2. On the top menu, tap on the "Funds" tab and click on the "Add Funds" option.
    3. Now, a fund transfer window will appear, enter the amount, segment, and select "Net banking" as a mode of payment.
    4. It will redirect to your net banking page, log in to your account.
    5. Accept the fund transfer request, once confirmed, funds will be added to your Zerodha Account.

     

     

     

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  2021-04-29T04:04:16+00:00






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