Tied Funds with Banks - Meaning & How Does Funds Transfer Works

Upstox has partnered with about 23 banks.

If you have an account with any of these banks you can transfer funds via ATOM instantly.

If you would like to take advantage of faster transactions you can use any one of the following banks:

  1. Axis Bank
  2. Bank of India
  3. Bank of Maharashtra
  4. Catholic Syrian Bank
  5. City Union Bank
  6. Deutsche Bank
  7. Dhanalaxmi Bank
  8. Federal Bank
  9. HDFC Bank
  10. IDBI Bank
  11. ICICI Bank
  12. Indian Bank
  13. Indusind Bank
  14. Jammu and Kashmir
  15. Kotak Mahindra Bank
  16. Karur Vysya Bank
  17. Lakshmi Vilas Bank
  18. State Bank of India
  19. Saraswat Bank
  20. Tamilnadu Mercantile Bank
  21. YES Bank

However, if you don’t have an account with any of the banks mentioned above then you can transfer funds via NEFT. It only takes about 3-4 hours.

How do Pay-ins (deposits) work?

Pay-ins using NEFT are instant. Usually, a NEFT transfer will take about 3-4 hours to transfer the funds from your account to our bank account.

Pay-outs are processed twice a day (before market open and after market close) and are fully automated. Every request will be processed within 24 business hours. The withdrawal will be done via NEFT/RTGS and should be completed by the next working day subject to T+2 Settlement. If you notice a delay, simply send an email to support@upstox.com

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