Is there a way to create a standing instruction to automatically move money from my savings account to zerodha equity fund?

Zerodha
1

Using coin for SIP.

I manually transfer money via IMPS each month to equity fund and upload proof. I can transfer 6 months money at once but in that case I’ll lose sweet 7% interest in my savings a/c.

Is there a way to automate the process?

2

Add zerodha as a payee and schedule neft /imps transfers

All banks have this features

And I find that the ₹ is automatically credited to me

Didn’t have any need for proof
Experiment with neft & imps
Small amoynt

And see if u get a SMS from zerodha in the same day regarding auto credit

Schedule transfer 2-3 days before your due date every month, to account for holidays and delay in credit

3

So the money will be processed even if I do not upload screenshot? It’s only 6k/month

@nithin can you please confirm?

Personally I think the screenshot upload feature should be there not as a must, but to clarify disputes.

Thank you very much @Som_E

4

We don’t need screenshots anymore. Banks have started confirming us the account numbers. We used to ask for it earlier.

5

Okk thank you. I’ll add some standing instructions then. :slight_smile:

Also, @nithin can I add a secondary bank account in my profile so that I can IMPS from another account and the money gets deposited in my fund?

6

Yep you can. You can transfer into the trading account from multiple banks, but withdraw only to the primary account.