Zerodha Coin payment

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.

Refer to this article; everything has been explained here

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?

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