How to enable the 3-in-1 account with blocking facility?
Zerodha offers trading supported with blocked amounts through a partnership with IDFC First Bank. You can enable the IDFC 3-in-1 facility if you are a resident individual account holder who has linked an IDFC First Bank account as your primary bank account.
In an IDFC 3-in-1 account with blocking facility, clients are not required to transfer funds to their Zerodha account to invest. The traded value will be debited from the bank account at the end of the day.
Steps to enable the blocking facility
- Login to console.zerodha.com/account/bank.
- Click on Enable IDFC 3-in-1 account.
- Accept the terms and conditions.
- Click on Enable.
The 3-in-1 block facility will be enabled within 24 working hours. Once it is enabled, you cannot use any other secondary banks to add funds to the Zerodha account.
If you do not have an IDFC First Bank account, you must first open an account, link it to your Zerodha account as the primary bank, and then complete the above steps. If you have an existing IDFC 3-in-1 account with the one-click transfer facility, you can also follow the above steps to enable the blocking facility.
With the IDFC 3-in-1 account with blocking facility, you can only trade in certain segments, with the following brokerage charges:
- Equity delivery: 0.5% per executed order
- Equity intraday: 0.05% per executed order
- MTF: 0.5% per executed order
You can view all the charges involved in a 3-in-1 account on Zerodha's charges page.
How to block funds
Once the blocking facility is enabled, you can block funds by following these steps:
- Login to kite.zerodha.com/funds.
- Click on Add funds .
- Enter the amount and click on Block funds .
How blocked funds work
Once funds are blocked, the amount appears under Payin for trading or investing purposes. A lien is placed on your bank account for the blocked amount, although the funds remain in your account. At the end of the day, the bank debits only the amount you actually used, and the lien on any unused funds is released.
The funds are blocked for one day, and you must submit a new block request to trade or invest the following day.
Did you know? The virtual contract note may show incorrect brokerage charges. You can view the correct charges on the contract note.
Still need help?