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How to set up automatic fund transfers from a bank account to a Zerodha trading account?

The eMandate facility can be used to automatically transfer up to ₹1 lakh at pre-set schedules from the bank account to the Zerodha account. Current bank accounts cannot be used to create eMandates. To create an eMandate, follow these steps:

  1. Visit console.zerodha.com/funds/mandates and click on Create a new mandate .
  2. Select the account for which the mandate is to be created.
  3. Authenticate the bank account using a debit card or netbanking.
  4. Follow the on-screen instructions to complete the process on the bank’s mandate approval gateway.
  5. Once the mandate is registered, create a schedule to transfer funds to the Zerodha account.

It may take up to 5 days for the bank to activate the mandate.

Follow these steps to create a schedule:

  1. Name the schedule.
  2. Select fund transfer date.
  3. Select frequency and the amount to be transferred.
  4. Click on Create schedule .

There are no charges for eMandate registrations or transactions at Zerodha. However, in case a transaction fails due to insufficient funds, the bank may charge a penalty.