Zerodha Coin payment

Zerodha
1

How to pay for an order placed in Zerodha Coin,

  • They gave me HDFC account no, but it is alpha numeric. Should we set the payee as merchant in the HDFC netbanking app?
  • What would be the merchant name? Is it the same as Beneficiary name that they send in the email i.e., INDIAN CLEARING CORPORATION LIMITED?
  • How can I verify that I sent the amount to correct account? Is there a place that I can see that the test amount sent is reflected? I don’t want to send large amount to wrong account and end up starting another refund process with the bank.
2

Refer to this article; everything has been explained here

3

If someone can not pay for lumpsum MF order via neft - your system will automatically cancel the order …will it take 6 working days to cancel that order? or there is another way to cancel it faster? Also is there any penalty for placing an order and unable to pay?

4

The order will be deleted by the exchange after t+5 working days, there is no penalty, it all just works on fifo basis.