How to add money to Zerodha using a cheque?
To add money using a cheque, follow these steps:
- Use Zerodha Broking Ltd as payee to transfer funds to the equity account.
- Use Zerodha Commodities Pvt Ltd to transfer funds to the commodity account.
- Mention the Kite user ID on the back of the cheque.
-
Courier the cheque to:
Zerodha,
153/154, 4th Cross, J.P Nagar 4th Phase,
Opp. Clarence Public School,
Bengaluru - 560078
If the cheque is deposited directly in any HDFC branch,
create a ticket
and attach a scanned copy of the cheque or the debited bank statement, which includes the 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 is updated once the cheque is cleared, which can take up to 5 working days.
Did you know?
- Adding money to the trading account using a cheque is free.
- A charge of up to ₹350 + 18% GST would be levied in case the cheque bounces.
- Money transferred only from the linked bank accounts will be accepted. More than one bank account can be linked with Zerodha. To see the linked bank accounts, visit console.zerodha.com/account/bank.
- Money can be transferred instantly to the Zerodha account using UPI, payment gateway and IMPS/NEFT/RTGS. To learn how, see What are the different ways of transferring funds to the Zerodha account?
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