Adding Funds to Zerodha online is an extremely straightforward process. There are two methods by which you can transfer money to your Zerodha account. They are UPI and Net banking. Adding funds using the UPI method is more convenient. Know the details.
Adding money to Zerodha is an easy process and could through done in various like UPI and Net banking. The most convenient and simple to add money to Zerodha is by using UPI.
Before initiating a transaction there are some points that should consider:
Let’s see how to add money to Zerodha using UPI:
The process of transferring money from your bank to your Zerodha account barely takes 2-5 minutes and the funds will get reflected immediately after a successful transaction.
The process of adding Funds to your Zerodha account is completely free. Zerodha charges “Zero” rupees for fund transfers using the UPI method. Although your bank might charge a fee depending on the number of UPI transactions that you have done in that particular week or month. Some banks may charge a fee after 10 or 20 UPI transactions per month. This depends on every bank and type of account so remember to check this from your respective banks.
Adding funds to your Zerodha account using UPI is the most convenient method of transferring money. There are no charges levied by Zerodha which makes it even more economical. The only drawback to this method is that there is an upper limit of Rs 1 Lakh per day in UPI. This depends on banks and some banks have lower limits. Therefore this method may not be suitable when you want to transfer more than 1 Lakh in one day. For this, the Net banking option comes into the picture.
Zerodha is the India's biggest stockbroker and was founded in the year 2010. Presently, it has more than 5 million users. It offers various services such as mutual funds, bond trading, currency, etc. It is also supports up to 15% of everyday retail transactions on Indian stock exchanges