How to add funds to my account using a cheque?
To add funds using a cheque, follow the instructions below:
- Use Zerodha Broking Ltd as payee to transfer funds to your equity account or Zerodha Commodities Pvt Ltd to transfer to your commodity account.
- Mention your Kite user ID on the back of the cheque.
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Send the cheque to the following address (via post, registered post, speed post or courier):
Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
If you deposit a cheque in any HDFC branch directly, please
create a ticket
and attach a scanned copy of the cheque or the debited bank statement which includes your bank account number. This is requested to verify that the amount is transferred from the bank account linked with Zerodha, since Zerodha does not receive the sender's bank account details. The trading account will be updated upon confirmation.
The funds will be added to your trading account within 3 to 5 working days, once the cheque is cleared.
Did you know?
- Adding funds to your trading account using a cheque is free.
- A charge of up to ₹350 + 18% GST would be levied in case your cheque bounces.
- Fund transfers only from the linked bank accounts will be accepted. You can have more than one bank account linked to your Zerodha account. To see your linked bank accounts, visit console.zerodha.com/account/bank
- You can transfer funds instantly to your Zerodha account using UPI, payment gateway and IMPS/NEFT/RTGS. See How do I add funds to my Zerodha account? to know more.
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