You can add money to your Zerodha account using a cheque for free. Your account will be updated once the cheque clears, which can take up to 5 working days.
Steps to deposit a cheque
- Write Zerodha Broking Ltd as the payee on your cheque.
- Write your Kite user ID on the back of the cheque.
- Courier the cheque to:
Zerodha Customer Support Centre
192A 4th Floor, Kalyani Vista
3rd Main Road, JP Nagar 4th Phase
Bengaluru, 560076
If you deposit at an HDFC branch
If you deposit the cheque directly at any HDFC branch, create a ticket and attach a scanned copy of the cheque or your debited bank statement that includes your bank account number. You need to provide this to verify that you transferred the amount from your bank account linked with Zerodha, since Zerodha does not receive the sender's bank account details.
Things to keep in mind
- You will be charged up to ₹350 + 18% GST if your cheque bounces
- Zerodha will only accept money transferred from your linked bank accounts. You can link more than one bank account with Zerodha. To see your linked bank accounts, visit console.zerodha.com/account/bank
- You can transfer money instantly to your Zerodha account using UPI, payment gateway, and IMPS/NEFT/RTGS.