Funds Transfer

Why do you have two bank accounts?

Government regulations prevent brokers from operating a securities and commodities business as a single entity. As a trader, you have to open two accounts with brokers if you want to trade on commodites and securities.

Are there any charges for transferring money through NEFT/RTGS?

We don't charge any fees for transferring money through NEFT/RTGS but your bank account may charge you some fees. However, if the margin cheque is dishonored, then you--the account holder-- will be charged Rs. 250 + GST) from your Trading account.

How long does it take for the funds to clear?

Funds usually clear and reflect within 4-5 hours, but can take up to a day to clear at times.

Do you accept cheques?

Yes! Cheques are accepted as long as they are coming from the same bank account you have in file with us. You can make the cheque to our account name (see above).

Withdrawing money from your account

Withdrawing money from your account is as simple as funding money. On your back office dashboard, you simply place an electronic request to withdraw money to your primary bank account. Within 24-48 business hours, we will transfer money out via NEFT to your bank account. There is no manual intervention needed. For your safety and protection, we will always make sure that money can only be transferred to your registered bank accounts and to nowhere else. We will also ensure that when transferring funds out of your account, you won’t risk leaving a debit on your trading account.