What is Upstox/IndusStox 3-in-1 account Smart Transfer?
Smart Transfer on IndusStox/Upstox 3-in-1 account is a unique feature that facilitates traders to trade without any need to transfer funds externally from their IndusInd savings bank account to Upstox Trading Account. Unlike normal circumstances where clients have to transfer money from their bank account to trading account, in a Smart Transfer facility, users just have to allocate funds for trading purposes without any fund transfer fee.
For instance, a client has Rs. 800,000 in his IndusInd bank account and wants to execute trade worth Rs. 300,000 then he will just allocate the amount for trading on a single click without its actual transfer to the trading account. The best part is till the time you havenít used the allocated money or used only a partial amount like Rs. 100,000 then on the remaining balance worth Rs. 200,000 along with your savings bank account balance, in this case, it is Rs. 500,000, you will earn interest. By the end of the day, left or unused money is credited to the bank account.
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