Why zerodha charge to transfer money from bank to zerodha account

[Bhuvan]

@Sandeep_Gupta

they charge for transferring the money from bank to zerodha account why is that ?

Nithin had answered this here -

Why does Zerodha charge payment gateway charge for transferring money into the trading account?

Transferring money into a trading account with us can be through one of the following ways Payment Gateway (PG) powered by 3rd party (ATOM, Razorpay, Billdesk etc) for instant transfer. When you use them, these companies charge for the service, we in turn pass this cost to the client. This is Rs 9 per transfer. NEFT/RTGS/IMPS/Cheque deposit. When you use this, there is no cost for us from the bank, and hence we don’t charge you. You can check more about this here. ICICI Direct allows you …