How to Add a Bank Account in Zerodha?

As an investor, it is important to connect your bank account to your Demat account for smooth fund transfers. This is crucial for funding your trading account and receiving payouts. Users must verify the bank account linked to their trading or Demat account. In this guide, we will discuss how to add a bank account to Zerodha.

Steps to Add a Bank Account in Zerodha

Below are the step-by-step instructions to add a bank account to Zerodha:

1. Open Zerodha App or Website.

2. Tap on the Profile Icon.

3. Click on the Profile button.

4. Tap on Manage account.

5. A new console tab will open in your browser. Click on the arrow sign, as shown in the image below.

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: You can transfer money to and from your Zerodha trading account only using the linked bank account. Third-party transfers are not allowed.

Also, check: What is MTF in Groww?

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.

About the Author

Saniya

I am a writer, and this sentence speaks louder than anything, I love to play with words because I have a passion for writing easy and good-quality content that reflects simplicity. Readers like content that is straightforward with simple language. My priority has always been to deliver content that connects with the reader.

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