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Announcements on #Payments
Tuesday, January 30, 2024 2:45 pm
We’d like to notify you that from 01st March, 2024 an interest of 0.05% per day will be applicable on any negative (debit) ledger balance in your Upstox account.
If you don’t have sufficient funds, we will need to liquidate any collateral available under margin pledge or CUSPA to recover such a debit balance.
Please add funds and ensure you maintain sufficient balance in your Upstox account to avoid levy of interest.
Got these questions on your mind?
→ How can I add funds to my Upstox account?
Thursday, October 6, 2022 12:53 pm
As per SEBI’s latest circular, all brokers need to settle accounts of all clients on the first Friday of every quarter i.e. October 2022, January 2023, April 2023, July 2023 and so on. If the first Friday is a trading holiday, then such settlement shall happen on the previous trading day.
What does this mean?
This means, all unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 7th October EOD
How will this impact you?
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This will have no impact on your existing orders, holdings or positions
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- All unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 7th October EOD
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- However, due to the large volume of transactions on Friday, 7th October there might be a delay from the bank in receiving your funds. Don’t worry, in this case you will receive your funds within 2 working days
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What should you do?
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For uninterrupted trades, we recommend keeping your Upstox account funded before trading starts on Monday, 10th October
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- You can transfer funds from your registered bank to Upstox via NetBanking, UPI, Google Pay or NEFT/RTGS/IMPS. For more detailed steps, click here: How can I transfer funds? KEEP IN MIND: If you’re using NEFT/RTGS make sure you add Upstox as a beneficiary 24 hours in advance (by Saturday, 8th October). Beneficiary details are:
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For Securities:
Bank Name - HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number - 00600340067574
Account Type - Current Account
IFSC Code - HDFC0000060
For Commodities:
Bank Name - HDFC Bank
Account Name - RKSV COMMODITIES INDIA PVT.LTD.
Account Number - 15770340022236
Account Type - Current Account
IFSC Code - HDFC0000060
We hope this helps you plan your trades better!
Thursday, March 31, 2022 1:25 pm
On account of Gudi Padwa, 2nd April 2022 is a bank holiday. Hence any withdrawal requests placed after 8:00 AM on Friday, 1st April 2022 will be processed on Monday, 4th April 2022.
To know more about our withdrawal request timings, click here
Monday, January 3, 2022 12:49 pm
Thanks for exploring our Smart Transfer feature.
However, due to unforeseeable issues starting from Monday, 3rd Jan’22 we will be discontinuing this feature until further notice.
How does this impact you? Due to this you cannot directly allocate funds from your savings account for trading/investing and you will not be eligible to earn any interest on your trading account funds.
However, you can continue enjoying your Upstox account and IndusInd Bank zero balance savings account without any interruptions.
While our Smart Transfer feature will be discontinued, there are various other modes to transfer funds easily at ZERO charges.
Click here to read about them: https://help.upstox.com/support/solutions/articles/250454-how-can-i-transfer-funds-
We apologise for the inconvenience caused.
Thursday, November 5, 2020 1:13 pm
On account of technical glitches on HDFC Bank’s payment gateway, Google Pay has been disabled and you may be unable to add funds using an HDFC Bank account. We are waiting for HDFC Bank to resolve this and apologise for the inconvenience caused. Kindly use an alternate bank account to add funds, if needed.
Thursday, August 13, 2020 12:39 am
This Saturday, 15th August 2020 is a bank holiday. Hence, all fund withdrawal requests placed after 8 AM on Friday, 14th August will be processed on Monday, 17th August. In case you need to utilize our same-day fund withdrawal service and receive your funds on Friday itself, please remember to place a withdrawal request before 8 AM on Friday, 14th August.
Thursday, August 6, 2020 11:30 am
There might be a delay in receiving your fund withdrawals today. We are working on resolving this very soon. Sorry for the inconvenience caused. Thank you for your patience and cooperation.
Tuesday, August 4, 2020 12:43 pm
There might be a delay in receiving your fund withdrawals today. We are working on resolving this very soon. Sorry for the inconvenience caused. Thank you for your patience and cooperation.
Wednesday, July 29, 2020 12:22 pm
There might be a delay in receiving your fund withdrawals today. We are working on resolving this very soon. Sorry for the inconvenience caused. Thank you for your patience and cooperation.
Tuesday, July 28, 2020 10:42 am
There might be a delay in receiving your fund withdrawals today. We are working on resolving this very soon. Sorry for the inconvenience caused. Thank you for your patience and cooperation.
