Does a name mismatch between the Zerodha account and the linked bank account create issues for fund withdrawals?


#1

Do withdrawals get affected if my name in the Zerodha account is different from my name in the bank account linked to Zerodha?


#2

No, withdrawals are unaffected even if there is a name mismatch between your Zerodha account and your linked bank account. This is only a common misconception.
Banks initiate credits based on the payee’s bank account number and IFSC code. The bank does not verify the account holder name before initiating a fund transfer.

Note: The name in your Zerodha account is updated as per the Income Tax department and the name in your bank account is updated as per PAN. This is a matter of compliance followed by the two parties. Bank credits are independent of the name.


#3

Daffy duck responding to Dexter, what has the world come to.


#4

But in may case zerodha was saying name mismatch was happening so I was unable to withdraw funds…