Zerodha UPI Fund Transfer

Broker Articles   Buyback Dates   Compare Top Stock Brokers in India  
Rated 4.5/5 by Team TopShareBrokers

Need help choosing a broker?

Name 

 Phone 
Email   State 
City    NRI Form ⇒

In March 2018, Zerodha has launched a Unified Payment Interface (UPI) enabled fund transfer facility. It is the most convenient method to add money from the linked bank account to Zerodha trading account instantly. The discount broker allows free UPI-based fund transfer up to the daily limit of Rs. 1 lakh at zero charges. Check out Zerodha UPI fund transfer process, features, charges, limit, and more.

Zerodha UPI ID

    UPI is an instant payment mechanism developed by the National Payment Corporation of India (NPCI) that allows users to instantly transfer funds between two parties' bank account. Zerodha customers can create a UPI ID on any BHIM UPI app and add funds to their Zerodha account using the linked bank account. Google Pay, Phone Pe, etc. UPI ID can be used to add funds to the Zerodha trading account.

Zerodha UPI Fund Transfer Features

  • Funds are transferred instantly using UPI.
  • Zero-cost fund transfer through UPI.
  • Real-time fund transfer.
  • Apply IPO online with Zerodha using UPI for free.
  • Customers can transfer upto Rs. 1 lakh per day to the Zerodha account.
  • The UPI facility is available on the Kite web as well as Kite mobile app.

Zerodha Fund Transfer using UPI

To add money using UPI, all you need to have is a registered UPI ID that must be linked with the same mapped bank account in your trading account. Zerodha Kite (web and mobile app) platform allows UPI-enabled fund transfer (Deposit and withdrawal).

Steps to add funds in Zerodha through UPI:

  1. Login to the Zerodha Kite.
  2. Click on the “Funds” tab and tap on the “Add Funds” option.
  3. Zerodha Kite Add Funds using UPI
  4. Once clicked, a new window will open. Select UPI as a payment mode and enter amount, segment (Equity/Derivatives/Currency or Commodity), bank account, and UPI ID.
  5. Kite Fund Transfer through UPI
  6. Make sure that the UPI is linked to the registered bank account with your trading account. Once details are entered, press the “Continue” button.
  7. Notification of payment collect request will be sent to the provided UPI address. Check the UPI app and enter the UPI PIN to accept the payment request.
  8. Once done, the Zerodha payment page will display a confirmation message that the funds are transferred successfully to your account.
  9. Kite UPI Fund Transfer Successful

Zerodha UPI Fund Transfer Charges

    Free, yes, you heard it right, adding funds to Zerodha trading account using UPI is free for all clients as they are not charged with any brokerage fee. UPI transfers funds instantly and it immediately reflects into your Zerodha account.

Zerodha UPI Fund Transfer Limit

    The fund transfer limit through UPI is Rs. 1 Lakh means customers can transfer maximum of Rs. 1 lakh per day. However, one can add maximum of Rs. 25000 each transaction.

Last updated on 3rd May 2021

SAVE 70% ON YOUR BROKERAGE

Name 

 Phone 
Email   State 
City    NRI Form ⇒

FAQs

  1. 1. How to transfer funds in Zerodha using UPI through Kite mobile app?

    Yes, Zerodha Kite mobile app also allows users to add money instantly to your account through UPI at their fingertips. Here is the step by step guide to add funds using UPI on the Kite App:

    1. Download the Kite Mobile app and log in to your account.
    2. Click on the Client ID option and on the top, go to the “Funds” option.
    3. Tap on the “Add Funds” and enter the amount you want to add to your account and press the “UPI” option.
    4. Check amount, select segment and enter virtual payment address (UPI ID) and press the “Continue” option.
    5. Now, accept the payment request on the UPI app, and once done, funds will be transferred instantly.

     

     

     

  2. 2. Where to find UPI ID in PhonePe?

    1. Open PhonePe on your mobile device.
    2. In the top left corner, tap on your profile picture.
    3. Now, click on the “My BHIM UPI ID” option and it will display your UPI ID or virtual payment address.

     

     

     

  3. 3. What are prerequisites to start using fund transfer through UPI?

    • You need to download UPI app on your mobile phone.
    • Make sure the UPI ID is mapped to a bank account that you have mapped to your Zerodha trading account.

     

     

     

  4. 4. What is BHIM-UPI ID?

    BHIM / UPI ID is a unique identifier (like email id) created by you which is mapped to your bank account and can be used to send or receive payments in BHIM / UPI system. For exampe - [email protected] where "abc" is a unique name.

     

     

     

  5. 5. What is the current limit for sending money through BHIM-UPI?

    Usually the maximum limit per transaction is Rs 1 lakh and the maximum per day limit is also Rs 1 lakh (subject to change). Do check with your bank for the limits.

     

     

     

  6. 6. Where to find UPI ID in Google Pay?

    1. Open Google Pay on your mobile.
    2. Tap on your profile picture on the top right side.
    3. The profile page will be displayed that shows Google Pay UPI ID just below your name.

     

     

     

  7. 7. I added funds to Zerodha account using UPI but why the payment gets failed?

    There are multiple reasons behind Zerodha UPI payment failure, here are a few:

    • If you have entered an incorrect virtual payment address (UPI ID).
    • Wrong UPI PIN is entered.
    • If you have not accepted the payment request sent by Zerodha.
    • BHIM UPI ID is linked with a different bank account, other than a bank account linked with the Zerodha Trading Account.

     

     

     

  8. 8. Can I add funds directly to Zerodha through BHIM UPI App?

    No, users cannot add funds directly using BHIM UPI App to the trading account. All the fund's payment requests can be placed only through the Kite web and mobile app and then the request needs to be accepted by the user.

     

     

     

  9. 9. Does Zerodha allow fund transfer via UPI?

    Yes, Zerodha facilitates its customers to add funds to their trading account through the UPI payment gateway. Users just need to create a UPI ID on BHIM UPI App and go to the Add funds user interface on Kite to add funds to your account. The best part is that it allows free fund transfer using UPI on your mobile phone.

    How to add money to Zerodha Account using UPI

     

     

     

  10. 10. Does Zerodha charges anything on UPI fund transfer?

    No, adding money to the Zerodha trading account through UPI is free and charged with nil brokerage. A client can transfer up to 25k per transaction restricted to a maximum daily limit of Rs. 1 Lakh.

     

     

     

  11. 11. How to create UPI ID on BHIM UPI App?

    One must have a registered UPI ID to add money in Zerodha and it must be linked or mapped with the same bank account. The process to create or set up BHIM UPI ID is as follows:

    1. Download and install the BHIM App from the Play Store or the App Store.
    2. Register yourself with the mobile number linked with the bank account.
    3. Login by setting a 4 digit application password.
    4. Link the registered bank account with the Zerodha Trading account on the UPI app by providing the bank account number, account holder name, etc.
    5. Set UPI PIN and once done, you can use UPI ID to add funds in Zerodha.

     

     

     

Other Topic Related to Zerodha

Enquire Trading Account:

Name 

 Phone 
Email   State 
City   
Compare 3 Brokers

User Comments

avatar
1. Pankaj Shewatkar  6/11/2018 1:10:05 PM Reply
What I have to do for Payout using UPI? Is it possible with Zerodha?
avatar
2.1. Priyanka  6/23/2018 2:58:26 PM
You can only use UPI money transfer facility for paying in. Payout is not possible through UPI.






Translate topsharebrokers.com: