How to link a bank account while opening a Zerodha account?

The bank account can be linked using the following methods:

• UPI
  
• Manually entering the bank details

UPI

To link the bank account using UPI, follow these steps:

Mobile

1. Tap on Link with UPI (recommended).
2. Select the preferred UPI app and pay ₹1 from the bank account that must be linked.
3. The bank details can be viewed and confirmed by tapping on Continue.

Web

1. Click on Link with UPI (recommended).
2. Scan the QR code using the UPI app and pay ₹1 from the bank account that must be linked.
3. The bank details can be viewed and confirmed by clicking Continue.

Manually entering bank details

To manually enter the bank details, follow these steps:

1. Tap on Enter bank details manually.
   
2. Enter the IFSC.
3. Select the MICR from the drop-down menu¹.
4. Enter the bank account number.
5. Confirm the bank account number.
6. Click on Continue.

If the bank account details are manually entered, the validation is done using a penny drop score. A penny drop is where a nominal amount is credited to the bank account, generating a score.

If the penny drop fails or if the score is unsatisfactory, a bank proof must be uploaded in the next step. The bank proof can be one of the following:

• A personalised cancelled cheque with the client’s name printed on it.
• A bank statement or bank passbook copy with the bank account number, bank logo, seal, MICR, and IFSC code clearly visible.

Notes

¹The MICR may not be in the drop-down menu for the following reasons:

• If you have entered zero instead of O in the IFSC or vice versa.
• The IFSC is not valid.
• The IFSC is not part of Zerodha's records. In this case, please create a ticket along with bank proof. The bank details will be updated within 72 working hours, and clients can link the bank account once the IFSC is updated.
  

Did you know?

• The ₹1 will be refunded to the client's bank account within 24 hours.
• An Overdraft (OD) bank account cannot be linked with Zerodha. To learn more, see Can an Overdraft (OD) bank account be linked with Zerodha?