How to transfer larger funds (more than 10 lakhs) to Zerodha from my bank?

Create account with different banks like HDFC, ICICI Financial institution and hyperlink them with Zerodha.

Many small and medium enterprise enterprises do RTGS on a regular basis.

You simply want RTGS kind and cheque.

You’ll be able to test methods to fill kind and cheque particulars on Youtube. Or ask financial institution staff.

Go to department. Discover RTGS window.Submit kind with cheque.

In RTGS… Quantity is switch in actual time so you possibly can test this in your buying and selling account or zerodha buyer help.

RBI doesn’t set any cap on NEFT transaction.Financial institution set this restrict for safety causes.

In HDFC, per day restrict is 10 lakhs. You’ll be able to improve this restrict upto 50 lakhs however you want digital signature (DSC) certificates to switch above 10 lakhs

When you register with digital signature certificates you cannot use HDFC financial institution cellular app.

It’s a must to use PC/MAC to switch funds.

Digital certificates is a USB token. It’s a must to insert this USB token in your PC to switch funds.

You may get Digital certificates on-line from Emudhra.They’ll confirm all of the KYC particulars (on-line) and ship you USB token.

This is rather like the way you digitally signed zerodha kind once you open buying and selling account. On this can as an alternative of utilizing aadhar card you should have digital signature certificates.

In case of Axis financial institution, I can’t discover any higher restrict particulars. It’s a must to submit request kind to department and they’re going to improve every day switch restrict. I’m unsure what’s max cap on this. Please ask financial institution.

Greatest method to do excessive transaction is by visiting financial institution and switch by way of RTGS so that you don’t have to extend fund switch restrict. These transactions limits are set to keep away from any on-line fraud.

So far as I do know, most banks have a transaction restrict of 10 lakhs via RTGS. Some banks may also convert your account from financial savings to present for this matter.

@Kaps,

Did you discover a work round for this? I’m going via the identical problem and I’m even considering of fixing my checking account from SBI.

Regards,Swaroop

Axis Financial institution is greatest

It has no limits solely…u checked in axis financial institution

@Neelesh This is identical problem I’ve been dealing with – being unable to make a purchase order of greater than 10L a day in Coin.

Permitting one-time funds by way of Mandates (which at the moment has a every day restrict of 1cr) would resolve this.

Please prioritize this.

I attempted to arrange an SIP of 1.6 lakh and it rejected me saying max quantity is 1 lakh despite the fact that the mandate that I’ve set is for 1 crore(SBI).

[Screenshot_2024-09-16-22-21-11-11_4e36d33e4de36f27fb3cebd15b086981]
This mandate was registered in July with 1 crore restrict(much like all new mandates). It’s with Sbi.
Why can’t I arrange the sip with quantity above 1 lakh then when mandate restrict is 1 crore.

@Neelesh

That is bizarre, it shouldn’t occur; please dm me the small print.

use NEFT, RTGS, IMPS (from mapped checking account) ?

@Neelesh neft/rtgs/imps by way of web banking has the identical 10L/day restrict. Or else one has to succeed in out to the department everytime which is inconvenient.

Models proven in Coin: 75

Models proven when authorising with CDSL: 145

Models proven in error when redeeming: 5

Determine on one quantity internally and present it to buyer please @Neelesh . I simply need to redeem my cash easily once I want it