How do you earn interest while you trade?
Say hello to Smart Transfer… a clever way of transferring funds & earning interest on your trading capital!!!
With Smart Transfer- offered by Upstox, one of India’s fastest-growing brokers, you can actually earn up to 6% interest on your trading capital without transferring funds to your trading account. Just allocate the funds required for trading in your savings account and continue trading without any hassle of transferring funds. The allocated money in your savings account will continue to earn interest until it is not utilized.
How does Smart Transfer work?
Currently, how do you trade in the secondary markets? You can use 4 different payment methods to fund your account, like NEFT, IMPS, RTGS or UPI. Suppose your savings account has 10 lakh rupees in it and you want to invest 4 lakh from that into the share market, you’ll have to put it into a trading account to trade. This means you may lose out on interest since a part of your savings account balance, now lies in your trading account.
However, Upstox in an exclusive tie-up with IndusInd Bank now offers you an additional payment mode of Smart Transfer via the IndusStox 3-in-1 account. It allows you to allocate funds in your savings account for trading without transferring it to your trading account. This way, you can earn up to 6% interest on your trading capital until it is used for trading.
Why does Smart Transfer add value to you?
The Smart Transfer facility can add value to you as a trader or an investor in a number of ways. Here are some key benefits.
- No need to transfer: Smart Transfer allows you to simply allot the money required for trading instead of waiting for your funds to be transferred from your savings account to your trading account. This alloted amount is used to carry out your trades
- Earn interest while you trade: As the funds remain in your savings account until utilized, you earn interest up to 6% while undertaking trade-related activities
- Unlimited transfers: You can transfer up to Rs. 10 lakh in one single transaction and can make unlimited transactions in a day
- No transfer fees: There are no fees attached to the Smart Transfer facility which means you do not pay for fund transfers
How to get the power of the Smart Transfer facility?
Smart Transfer is a facility that you can easily avail by opting for the IndusStox 3-in-1 account. This account bundles your IndusInd Bank Savings account & Upstox’s Demat & trading account, all in one.
Add convenience to your transfers; choose to Smart Transfer!