How to add Zerodha as a beneficiary for fund transfers using HDFC netbanking or other banks?
Fund transfers can only be made through
bank accounts that are linked
to the Zerodha account.
To add money through HDFC netbanking, add the Zerodha HDFC bank account as a payee by following these steps:
- Login to the HDFC netbanking portal.
- Click on Add Payee.
- Click on Add a Merchant (eCMS) Payee.
- Enter the payee nickname, Zerodha account number ZERNSE and your email ID.
- Click on Continue.
- Accept the terms and conditions and click on Continue.
- Enter the OTP.
- Click on Continue.
The beneficiary bank account will be added in 30 minutes. As per the bank's policy, you are allowed to transfer ₹50,000 (in full or in part) for the newly added beneficiary during the first 24 hours. After 24 hours, the transfer limit will be your Third-Party Transfer (TPT) limit.
If you do not have an HDFC account, you can still transfer funds to Zerodha by adding the Zerodha eCMS bank account as a beneficiary through your bank’s netbanking portal using the eCMS, corporate, or merchant payment options.
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