As per SEBI’s Quarterly Fund Settlement rule, any unused funds in your Upstox account will be automatically transferred to your registered bank account by Saturday,...
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As per SEBI’s Quarterly Fund Settlement rule, any unused funds in your Upstox account will be automatically transferred to your registered bank account by Saturday, 5 April 2025.
To avoid the hassle of manually adding funds again, you can set up a ‘Fund Reversal’ mandate from the ‘Funds’ section in the latest version of the app: Funds Tab. This will ensure that the settled amount is seamlessly credited back to your Upstox account.
What you should do:
- Please check your bank statement to verify and view the returned funds
- To ensure seamless trading on Monday, 7 April 2025, please add funds to your Upstox account in advance. If you haven’t set up a reverse mandate, your account balance may be zero on that day. Know more: How can I transfer funds?
- If you're using NEFT/RTGS, please add Upstox as a beneficiary at least 24 hours in advance, ideally by Friday, 4 April. Below are the beneficiary details:
For Equity, F&O, or Currency trading:
- Bank Name: HDFC Bank
- Account Name: Upstox Securities Pvt Ltd - USCNB A/C
- Account Number: 57500001411011
- Account Type: Current Account
- IFSC Code: HDFC0000060
For Commodity trading:
- Bank: HDFC Bank
- Account Name: RKSV Commodities India Pvt.Ltd.
- Account Number: 15770340022236
- Account Type: Current Account
- IFSC Code: HDFC0000060
Due to the high volume of transactions on this day, there might be a delay in receiving your funds. Rest assured, you should receive your funds within two working days and this process won't affect your current orders, holdings, or positions.
We hope this helps you plan your trades better!
