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

The bank account details are automatically fetched if the account opening fee was paid through a UPI linked to the client's bank account.

If the payment was made through any mode other than UPI, if the payment was made through someone else's bank account, or if a different bank account is desired to be linked, the existing bank details must first be cleared. Once the existing bank details are cleared, link the new bank account by following these steps:

  1. Enter the IFSC.
  2. Select the MICR from the drop-down menu¹.
  3. Enter the bank account number.
  4. Confirm the bank account number.
  5. 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 name printed on it, a bank statement, and a bank passbook copy with the bank account number, bank logo, seal, MICR, and IFSC code clearly visible.


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

  • 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. Clients must create a ticket along with bank proof in this case. The bank details will be updated within 72 working hours. Clients can link the bank account once the IFSC is updated.

Did you know? An Overdraft (OD) bank account cannot be linked with Zerodha. To learn more, see Can an Overdraft (OD) bank account be linked with Zerodha?