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Zerodha

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@ Zerodha,

Why are you not allowing us to withdraw funds to our secondary banks?

When you are allowing Pay-in through Secondary banks, then why not allowing us to withdraw?

I have opened a new account after recommendation from traderji and from few of my friends, and I am really worried that such simple facilities are not provided by ZERODHA.

Really disgusting :mad:
How many of the popular online brokers let you transfer funds from more than one bank??

Does icici, hdfc do??

Have you asked such a feature from reliance, indiabulls or sharekhan???

Most of the brokers don't even let you transfer funds from more than one bank account, so I don't understand what you are complaining about...

If on your account, you don't want more than one account linked, let us know on [email protected]...
 

Zerodha

Well-Known Member
Yes, Zerodha deserves much better. But I think that as Zerodha pays out through NEFT, so it is same for any bank that has an IFSC code.

It should not be a problem for Zerodha to incorporate the clients banks to be selected from a drop-down box, before placing the withdraw order.

So that, the clients have a choice to withdraw funds to their preferred bank account.

Hope Zerodha will add this feature soon. :)
It is not as easy as it seems, but we are trying to do something about it...
 
No intraday margins on ETF's..ETF's are not usually day traded, can be pretty illiquid...
Niftybees see a decent turnover. Maybe the others will catch on too.

Aside : Sharekhan gives 20x margin on niftybees intraay.
 
How many of the popular online brokers let you transfer funds from more than one bank??

Does icici, hdfc do??

Have you asked such a feature from reliance, indiabulls or sharekhan???

Most of the brokers don't even let you transfer funds from more than one bank account, so I don't understand what you are complaining about...

If on your account, you don't want more than one account linked, let us know on [email protected]...
See, ICICI and HDFC are banks. But you are an Individual Broker, so I don't want to compare you with them.

And I do have account in IIFL, Sharekhan, Indiabulls, Motilal Oswal.
All of them are allowing to Payin as well as to withdraw funds to all the linked bank account.

You are categorizing the banks as Primary & Secondary. But the above mentioned brokers are treating all the linked bank accounts with them as Primary. So No restriction of withdrawing the funds to the Primary bank only.

They allow me to select the bank account to which I am willing to withdraw which are linked with my account. If you don't believe I am posting a screen-shot of the withdrawal page of them:



Please, first understand that who are providing what. You are providing a decent rate of brokerage, but feature wise I am sorry to say that you are not complete.
 

Lambuking

Well-Known Member
I am still not sure what is the hassle about. It is not if you have different PAN numbers associated with different accounts:confused:. People cribbing about 9 rs transfer charges ,well if somewhat excessive, is still understandable.. High Transaction charges .. definitive yes ... but unable to withdraw my money to five different accounts :(.
Zerodha,
I will also like to add my crib to your non ending list.:lol:.. I want a platform with real advanced chart features like trading directly from charts or able to buy a prefixed quantity at market price on a single click .. do look into tha :)
 

sach007

Impatient Trader
@Zerodha Today I received a message from Sushma "Transfer Min 1000/- to commodity account or else account will get blocked"

What does this mean?

Actually I was waiting for both NFO and Commodity on same platform or atleast seamless transfer of money from NFO to Commodity.....

As I don't want to keep two separate funds on both accounts ... that too with same broker.

One more thing ....... I really belive in Zerodha for their transperancy... but here while opening account you guys never told us that we have transfer money in so and so days....as you know already that I am regularly trading in NFO segment.
 
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