As of now I am able to transfer funds only through my linked bank account into zerodha, but I want to know what is the procedure for fund transfer directly through my Credit card or Debit card. If this is possible then please explain how to do it because in my account I am not able to find option to add my credit or debit cards to add funds! Please help!
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SEBI doesn’t allow credit cards to be used for funding any investment products. Moreover, the cost of credit/debit cards is between 1 to 2% if you are using Visa/Mastercard which in itself is prohibitive if you are using it for investment related product.
Ok thanks for your insights. But two more doubts I have:
Q1) Are Debit cards also not allowed by zerodha and sebi to fund account?
Q2) What is the process to add multiple bank accounts to zerodha?
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- If SEBI doesn’t allow it we can’t either.
- To add a secondary bank, you need to send us your cancelled cheque/bank statement. You can email it to [email protected].
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