How to add a Bank Account in Zerodha?

You are an investor so its must important to connect your bank account to your demat account for the smooth running of the fund transfer, as it is very crucial for funding your trading account and receiving payout, so their users have to verify your bank account which linked to their trading or demat account so here we will discuss How to add a bank account in Zerodha.

Steps to Add a Bank Account From the Zerodah?

Here are the step-by-step instructions to remove a bank account from the Zerodha:

1. Open the Zerodha.

2. Tap on the Profile Icon.

3. Click on the Profile button.

4. Tap on the Manage account.

5. Then the new console tab will open on your browser, then click on the arrow sign as shown below in the picture.

6. Tap on the Bank button.

7. Now tap on Add bank account. 

8. Enter an Account number, Re-enter the account number, and IFSC code, then tap on the set as a primary option if you want to make this bank account primary or if you want this account to be a secondary account then don’t tap on that box option. Then accept the condition by tapping on the box.

9. Then choose the option for verification, E-mail or Mobile, then click on the Send OTP.

Now you will receive OTP done with the Verification part now you can see your demat account is connected to your preferred bank account

Key Points to Remember 

Here are some key points that you need to know:

• Charges: Zerodha charges a nominal fee of INR 25 + GST for adding or modifying a bank account.
• Primary and Secondary Bank Account: so if you are adding a secondary account, the primary bank account remains unchanged unless you request a switch.
• Fund Transfer limitation: here you can only transfer your money to/ from your Zerodha trading account by just using the linked bank account, as this is not allowed to transfer the money by a third party. 

Conclusion

In conclusion,  adding a bank account is a very important step if you are here for trading and investment purposes because most of the time you need to transfer the funds for trading and investment. So by keeping your banking details up to date, you can enjoy seamless fund transfers for all your trading activities.