Coin MF order: is IMPS supported?

Zerodha Coin - Direct MF
1

In How to make payments using NEFT or RTGS on Coin?

1 You must transfer funds from bank accounts linked with Zerodha
2 When adding the payee or beneficiary, select the account type as Merchant and not Individual
3 Only select NEFT or RTGS for transactions
4 IMPS transfers can only be completed through bank accounts linked with Zerodha. IMPS transfers from unlinked bank accounts will be rejected

I am confused about point 1 and 3 and 4…

It seems like that for a linked account all modes are supported… then why the difference?
Why emphasise NEFT (<2L ₹ ) over IMPS even though both are equivalent?

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@Neelesh

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Earlier IMPS was not allowed by the exchange. Now all the three payment modes are accepted that is IMPSl, NEFT and RTGS. We will reword this article.

1 Like
4

great. it might need a fix in coin UI also in payment flow and order history.

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Will check on this bit and get back

++ @Deepak_Kumar_Singh

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This support page mentions the acc number to be MFDICC006498ABXXXX I had saved the same in my bank app.

but the order history page mentions the acc number to be NSEMF413906xxxxx which I didn’t notice this time

I had paid the amount via NEFT but the order couldn’t be placed all because zerodha failed to notify me of the change in saved beneficiary account number.

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Login to Kite by Zerodha - Fast, easy trading and investment platform @Neelesh