For securities and commodities trading, Upstox has separate accounts. The following article only applies for transferring funds for commodities and not securities.
Transferring funds into your commodities trading account is a simple process. Upstox has enabled NEFT/RTGS functionality to allow you to transfer funds within 3-4 hours. Please remember that the last payment for NEFT/RTGS occurs at 6:30 PM but commodities trading can go as late as 11:55 PM. If you plan on transferring funds via NEFT/RTGS, ensure that you have enough cash in your trading account as to not hit margin/MtoM limits.
Note: There is a Rs. 7 transfer fee charged for instant transfers. Each transfer can be a maximum of 5 lakhs. A daily limit of 10 lakhs is applied on instant fund transfer.
|Bank Name||HDFC Bank|
|Bank Address||Maneckji Wadia Bldg, Ground Floor,
Nanik Motwani Marg, Fort, Mumbai – 400023, Maharashtra
|Account Name||RKSV COMMODITIES INDIA PVT.LTD.|
|Account Type||Current Account|
|Narration||UCC ID (Client ID with Upstox)|
Funds usually clear and reflect within 4-5 hours, but can take up to a day to clear at times. Please ensure that you write your UCC ID (Client ID) in the Narration field so that it can be processed safely and quickly.
* IMPS transfer are strictly not allowed. In case we receive the funds via IMPS, it would be returned to the same account after proper verification.
Once the amount is credited in our account, your margin will be updated immediately.