Zerodha....

[Zerodha]

With one promise goes down in drain, regarding SBI, here's reminder about another. We are in 4th week of said next month.

Take it a little easy on us boys!! ... SBI is not in our hands, we are pushing it for them to activate it, these guys are having some issues that they are telling us that is being sorted.... As far as currency goes, SEBI hasn't sent us the license documents yet.... SBI, SEBI, NSE, State Govt, Central Govt , I mean all govt owned business are very unpredictable people to deal with... You all must have had this issue sometime in your life.... Sometimes everything happens just in time, most of the times you never know....

 

[Zerodha]

I am OK to pay Rs.15. It's too small amount. NEFT anyway charges 5 INR per transfer. Can you please share the list of banks?
If you open account in ICICI+ SBI + CITI, this problem will get sorted out, as we will get instant credit anyway. I am assuming most of your clients transfer from these banks.
You need to findout cost of opening + managing accounts with these banks vs setting up gateway.
Guys on list,
There is no point to cry for INR 15. It's not Rs. 15 per trade / order. We should not expect business class services at lower than economy charges. Motilal Oswal gives me/ us more than 20 banks instant transfer. If we are ready to pay super brokerage then we get FREE instant transfer.

The payment gateway would be available for most of the nationalized banks with internet banking facility...

About opening accounts with icici, sbi etc... We have already ventured out on this idea and figured out it is not possible... The issue is this, when you receive funds from a third party, if it is not a NEFT, RTGS but an intrabank transfer, we don't get to know the account number from where the money is coming from.... A lot of brokers take in money, even if it is not confirmed from where it is coming....

We have decided to be as compliant to the rules as possible...We don't accept any funds from account which is not linked with us..... Hence this option didn't workout....

 

[Zerodha]

it's over, because if we trade in zerodha then zerodha earn revenue..so they r resposible or given facility to transfer our amount to trading account..
5rs already detucted in bank by rtgs or ntfs, so if zerodha like to pulling our money they can charge rs 5 only...

:thumb:

Hey option trader,

This payment gateway facility is given by 2 companies, tech process(backed by icici) and atom technologies(backed by hdfc)... Both these companies charge 1 to 2lks to setup and charge anywhere between Rs 15 to 20 per transfer... You can google them, call them and find out about the same....

This facility is in addition to the facility available right now... So if you have hdfc/axis or you like to do NEFT or RTGS, go ahead and use it the way you are using right now..... But if you have say a canara bank account and one day in the future you want to transfer funds instantly to take a position, you can go ahead and use the payment gateway on the backoffice which will cost you.... No one is going to force you to use this facility, we are giving this as an option for people who want to do instant fund transfer....

Cheers....

 

[2021]

I hope SBI is linked soon! I or any zerodha member is not a just client, we have become a friend or family member. And with this expectation levels rises. To fulfil expectation levels reposnibilties increases. India is hungry for changes like zerodha may it be a broker or mobile company or airlines! You wait or pay extra to travel in pvt service providers, we never use bsnl mobiles and trust airtel instead, switch a 5 year old reliance to vodafone just because promt service and customer friendly plans.. If we thirst for more you have to find new ways of satisfying and keep old set benchmark too. Certain niggles are acceptable Sachin/zerodha and do keep doing good work. In numbers if I may put, a person on joining and trading for 1st few days finds zerodha should be 12 out of 10 and slowly it becomes 10, 9, 8.. I still feel you have not gone below 9-9.5 and hope will never go!

 

[sandeepdude]

I just tried to login to Nsenow.exe and it gives me login error....

Login failed Reason: Api user access denied...

The software was working fine in till 4 PM...

Please let me know whats causing this error??

 

[sumosanammain]

Hey option trader,

This payment gateway facility is given by 2 companies, tech process(backed by icici) and atom technologies(backed by hdfc)... Both these companies charge 1 to 2lks to setup and charge anywhere between Rs 15 to 20 per transfer... You can google them, call them and find out about the same....

This facility is in addition to the facility available right now... So if you have hdfc/axis or you like to do NEFT or RTGS, go ahead and use it the way you are using right now..... But if you have say a canara bank account and one day in the future you want to transfer funds instantly to take a position, you can go ahead and use the payment gateway on the backoffice which will cost you.... No one is going to force you to use this facility, we are giving this as an option for people who want to do instant fund transfer...
Cheers....




its a gimmick process to make pulling money from account holders. if i mailed 1 lakhs transfer from my account , you r instantly give the limit? or after check the amount will be credited in your account?
u r responsibility to given all facility to transfer the amount, because u r get revenue from our money,if the bank charges for that payment , we will pay bank directly, not u..
how to define if the payment made by me by unregistered bank..?
:thumb:

Why dont you just deposit the cheque in their bank physically? No charges
It can be done in that bank in ANY city.

 

[Zerodha]

Hey option trader,

This payment gateway facility is given by 2 companies, tech process(backed by icici) and atom technologies(backed by hdfc)... Both these companies charge 1 to 2lks to setup and charge anywhere between Rs 15 to 20 per transfer... You can google them, call them and find out about the same....

This facility is in addition to the facility available right now... So if you have hdfc/axis or you like to do NEFT or RTGS, go ahead and use it the way you are using right now..... But if you have say a canara bank account and one day in the future you want to transfer funds instantly to take a position, you can go ahead and use the payment gateway on the backoffice which will cost you.... No one is going to force you to use this facility, we are giving this as an option for people who want to do instant fund transfer...
Cheers....


its a gimmick process to make pulling money from account holders. if i mailed 1 lakhs transfer from my account , you r instantly give the limit? or after check the amount will be credited in your account?
u r responsibility to given all facility to transfer the amount, because u r get revenue from our money,if the bank charges for that payment , we will pay bank directly, not u..
how to define if the payment made by me by unregistered bank..?
:thumb:

Hey Metatrader,

You seem to be unhappy with me.... ...

Come on Brother!!!!

What is the gimmick???

Let me put it again in simple sentences....

If you are using payment gateway on NOW(HDFC/AXIS) and hopefully SBI very soon .... No charges

Deposit a Cheque : No Charges

Use NEFT or RTGS to transfer from your bank account (all banks other than HDFC/AXIS) to trading account: No charges...


If you have done an NEFT transfer, you will understand that the bank takes 3 to 5 hours to transfer funds... If you are alright with the time taken, please continue to do so.... BUT!! if the next time you want to transfer money instantly from a bank which is not on the NOW payment gateway, you will have an option to do so(but at a cost)....

The key word is OPTION ... ... No one is forcing you to do so!!! what is the gimmick???

As far as your other question!!
how to define if the payment made by me by unregistered bank..?

When you open account with us, you would have either given your cancelled cheque leaf or statement as a proof of your bank account... We have these details with us.....So, we accept funds only from the bank account details you had given while opening the account....


Hopefully this clarifies....

Peace!!! ...

 

[VJAY]

deleted...........

 

[VJAY]

so this is the end of your promise to make gateway of SBI?

With one promise goes down in drain, regarding SBI, here's reminder about another. We are in 4th week of said next month.

Dear Zerodha,

May i know when the charts available with the above parametres will be implemented? When FAQ word document will send to customer email accounts?

Looks like many promises are still in pending since last 6-8 months.....:d
Am still waiting for their referal scheme benefits...which I given mail and Pm to sachin several times....they are now saying they not have records of that...so we give them all client details whom we refered to them..........then why need of giving referal deatils in account opening forms set.........

added quotes....

 

[saif_shakeel]

Hi ,
From when are you planning to enable the gateway.From where is the access given to transfer funds (zerodha site/backoffice?) ,will it be integrated in now express ?