Automatic Funds Management at Zerodha

[Bhuvan]

@BalajiCanabady

Is there already an option to automatically transfer funds from my bank account to my Zerodha funds account at a predefined frequency (say monthly) and automate this procedure in Kite & Coin?

We are working on this. But, in the meanwhile, you can set up a “Standing Instruction” to automate fund trnasfers from your bank account to your trading account

Can I schedule transfers directly from my bank to Coin MF platform for SIPs?

You can use a feature called a standing instruction wherein you can schedule a transfer from your bank account to your Zerodha trading account on a fixed date. This feature is available in all major banks and is pretty easy to setup. You can schedule transfers NEFT or RTGS on a fixed date every month. You can then setup the SIPs in Coin based on that. This way you won’t have to go through the hassle of providing a NACH mandate. Here in an illustration of how to set it up in State Bank Of India(…