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How to transfer funds for pending purchase orders on Coin?

Funds in the Zerodha account cannot be used for mutual fund investments. Funds for mutual fund purchases have to transferred from the primary bank account linked with Zerodha to ICCL.  The new payment flow on the Coin app is as follows:

  • Payment can be made through UPI for orders less than  ₹2 lakh.
  • Payment can be made through netbanking for orders more than ₹2 lakh.
  • NEFT or RTGS have payment modes have to be used for orders above ₹ 1 Crore.

Cut off timings

The cut-off timings vary depending on the bank the funds are being transferred from. List of supported banks for direct and non-direct settlement (DOC).

UPI and direct settlement netbanking

Type of mutual fund Cut-off time NAV allotment
Liquid funds 12:30 PM T-1 day (previous day)
Other funds 2:00 PM T day

Non-direct settlement netbanking

Type of mutual fund Time of payment NAV allotment
Liquid funds 12 AM to 11:59 PM T day
Other funds 12 AM to 11:59 PM T+1 day