Guide to transfer funds into your trading account using Fyers One

For the beginners out there and for those who have just opened an account with us, in this post I will guide you how to transfer funds into your trading account using Fyers One. You can transfer money into your account in the following ways:
1. Instant Payment Gateway
2. NEFT / RGTS
3. Cheques

The preferred mode to transfer funds is definitely Instant Payment Gateway as the amount is instantly credited into your trading account. If you choose to do it via NEFT / RTGS, it may take a little more time. You can get the instant fund transfer facility with more than 25 different banks in India. However there is a small convenience fee of ₹10 charged by the payment gateway. The list of banks include all the major banks in India, PSU banks, Private banks and small-scale banks too.

Step by step guide to transfer funds:

fund transfers fyers one

To transfer funds on Fyers One, click on “Limit” in the main menu and select “Fund Transfer”.

fund transfer trading account

Entry Window: To transfer funds, select one of your bank accounts. Please note that you will have only one bank account mapped to begin with. You can link additional bank accounts to your trading account by sending us a filled and signed “Bank account addition form”. You can find it in the downloads section of our website. Upon sending it to us, your secondary bank will be mapped under your trading account and you will be able to see it as shown above. However, once you choose your bank account and enter the amount, click on “Submit” to begin the process.

fund stransfers trading account internet banking

Alert Message: You will get this notification window as a reminder to refresh “View Limit” after you have finished the process. Click on “OK” to proceed.

icici netbanking fyers

Internet Banking Page: Login using your internet banking credentials to authorize the bank to debit the bank account and transfer funds into your trading account. Please note, that this page depends on which bank you have an account with.

funds transfer pay in fyers

Authorization Page: As a general security reminder, I encourage you not to allow your system to remember any internet banking passwords. If you get a notification as shown on the image, click on “Never”. To transfer funds, you will have to authorize the amount, add remarks for your reference and click on “PAY”.

fyers funds transfer

Security Check: The bank will ask you for a 2FA password or some digits on your debit card or an OTP etc. depending on their password policies. Once you complete this process your fund transfer process will be complete.

fyers one funds transfer trading account

Confirmation Message: Please note, that it is important that you get this message at the end of the transaction. If you don’t get a “success” message, there has been some error in the transaction. Check whether the amount has been debited from your account and write to us if you need any clarifications or help. You can send us a screenshot of your Merchant Reference Number and Transaction Reference Number along with your Client ID if you face any issues. The process is very smooth and if you follow the instructions correctly, you can transfer funds without any issues. Once you finish this step, you can go back to Fyers One trading platform and check the updated balance under “View Limit”.

You can also transfer funds through NEFT / RTGS:

If for some reason, you are more comfortable to transfer funds using traditional methods like NEFT / RTGS, you can follow a simple procedure that will ensure a smooth transaction which will save your time.

Step 1 – Transfer funds to our bank account. Details of our account are mentioned here.

Step 2 – Take a screenshot of the Successful Page with Bank Reference number and mention your client ID. Mail these details to support@fyers.in.

Step 3 – After verifying that you have done the fund transfers successfully, we will update your trading account balance at the earliest. This is usually done in 2 to 3 hours.

Lastly, you can transfer funds via cheque:

Although it is the least preferred mode due to the time it takes to get cleared (outstation cheques take longer than 2 days), you can transfer funds via cheque too. Please follow these steps:

Step 1 – Write a cheque in our favour and drop it off at a HDFC Bank branch nearby. Get our bank details here.

Step 2 – Let us know that you have deposited a cheque and mention your client ID. Send us a mail at support@fyers.in

Step 3 – After verifying that you have done the fund transfers successfully, we will update your trading account balance at the earliest. This depends on when the cheque gets cleared. As mentioned earlier, outstation cheques take longer than 2 days.

If you need further clarifications, you can ask me in the comments section below. Time to get started!

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO @ www.fyers.in, the youngest team to get NSE’s broker license. FYERS was started as a mission to enhance the terrain for traders and investors in India. He previously worked at Zerodha, Futures First & has been a professional trader for several years.

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Showing 29 comments
  • Senthil Kumaran
    Reply

    Why you are charging for fund transfer? I transfer when I want to buy shares, trading platform charges some 10 rs.

  • Jiten
    Reply

    Can i transfer from mobile?

  • Trinadh
    Reply

    Hi Jiten,

    Yes you can transfer money from mobile, click on limit on your mobile application and click on fund transfer.

    If you find any difficulty please call to our support number 080-46251111

  • Bharadwaj
    Reply

    Nice and simply presented… Thanks.

  • rahul
    Reply

    1. any plan for automated trading ?

    2. pls enable scanner for all nse stocks in once . not one by one sector or group. or provide nse500 stocks group.

  • top down trader
    Reply

    Explained with gory detail. lol. Aftr this less people will call you to find out how to do it I guess.

  • Richard
    Reply

    Why can’t i transfer fund through IMPS?

  • Srikanth
    Reply

    Why my bank account doesn’t allow me to transfer fund through your platform?

  • Darshan
    Reply

    Your bank IFSC code(HDFC0000009) is not recognisable in Fund transfer process. Can u provide alternative bank for transferring funds?

  • sashi
    Reply

    i m new to stock market investment, so would like to know more on it. and which would be better for a beginner, to opt for bank brokerage or online brokerage?

  • AMIT KUMAR PANDEY
    Reply

    sir i have saving a/c with hdfc and you also have with hdfc , thatwhy i can’t send money to my trading a/c by NEFT/RTGS mode as in this case i have to put your IFSC code and hdfc don’t recognize its IFSC code in netbanking. So can i use “TRANSFER WITHIN THE BANK” mode to transfer money?

  • Keyur
    Reply

    This is the advantage ICICI has over FYers.. fund withdrawal is very easy whereas I have to wait in Fyers.. is it like this with other brokers as well? I want to shift my account but want to know more.

  • Ashish
    Reply

    Simple and easy. How to do payout?

  • Sajjan
    Reply

    Are there any internet banking charges for this?

  • Rathod
    Reply

    Can I transfer money from paytm?

  • Abhay
    Reply

    Is there any minimum amount that I must transfer the first time?

  • Tejas Khoday
    Reply

    Hi Senthil, we don’t charge any money. The Payment gateway charges ₹10 per transaction.

  • Tejas Khoday
    Reply

    Yes, you can. Will write about this soon.

  • Tejas Khoday
    Reply

    Rahul, 1. Automated trading is not feasible for most traders for various different reasons (Regulatory, convenience, capital size, other requirements). Will write a post about this soon. 2. The reason we haven’t enabled Nifty 500 index is because it will consume a lot of bandwidth. Moreover, it is difficult to track so many stocks.

  • Tejas Khoday
    Reply

    Well, some just to avoid small errors that can occur during transferring funds. Yeah, that’s the idea :-).

  • Tejas Khoday
    Reply

    Hi Srikanth, which bank account do you have? We are tied up with over 25 banks across India for real-time funds transfers. Either your bank account is not mapped under our payment gateway or maybe you made a small error somewhere. Just so you know, you are only allowed to transfer money from the bank account details that you have provided us while opening an account with us.

  • Tejas Khoday
    Reply

    Hi Darshan, that’s strange. Pls write us a mail to suppport@fyers.in and mention your client ID. Will get it sorted.. Also, did you try using the payment gateway?

  • Tejas Khoday
    Reply

    Hi Sashi, choosing a bank broker is merely about psychological comfort of having an bank account as well as demat account with the same entity. In reality, it doesn’t make any difference. Moreover, buy choosing to open an account with us, you can save up-to 90-95% of brokerage costs incurred.

  • Tejas Khoday
    Reply

    Yes you can Amit. Just make sure you send us a mail with a screenshot or bank reference number so we can give a credit to your trading account. The better way to do it is by payment gateway. Send us a mail on support@fyers.in or call us to get more clarity.

  • Tejas Khoday
    Reply

    Hi Keyur, instant transfer of funds is possible for bank backed stockbrokers like ICICI, HDFC etc. With us, you will have to wait a bit but apart from that, there’s really no difference. Point to note: We are tied up with all the major banks and the wait time is the same for all of them. It is because you have to link your SB account with your ICICI direct account is what makes the fund transfer seamless. If there were other banks involved, they’d have to follow the same process too.

  • Tejas Khoday
    Reply

    Ashish, you’d have to request payout from the backoffice login.

  • Tejas Khoday
    Reply

    Yes Sajjan, there is a charge of ₹10 + taxes per transaction which is levied by the payment gateway.

  • Tejas Khoday
    Reply

    Hi Abhay, there are no such rules. You can transfer any amount you want.

  • Tejas Khoday
    Reply

    No you can’t do that yet Rathod. This in a grey area. SEBI has allowed Mobile wallets to cater to mutual funds and this should soon become a reality for trading accounts too. Let’s wait and watch. However, it doesn’t really make too much of a difference to the overall experience.

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