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Funds

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Funds can be transferred or withdrawn from the funds menu.

Choose to transfer funds either to the equity or commodity account. To learn more about transferring funds, visit zerodha.com/fund-transfer. Various modes of fund transfer are mentioned below:

UPI

Transfer funds instantly from the registered bank account using UPI for free. All UPI transfers must be initiated from Kite. Zerodha does not accept digital wallet transfers or transfers directly from UPI apps. To add funds using UPI, follow these steps:

  1. Select the Funds tab and click on Add funds.
  2. Enter the amount and select UPI.
  3. Enter the UPI ID linked to the bank account that is registered with Zerodha.
  4. A collect request from Zerodha is sent on the UPI app. Approve the transfer and enter the UPI PIN. A confirmation on the Zerodha payment page will be seen.

Make the payment from the UPI collect request only and not by initiating a new transfer to Zerodha’s VPA (UPI ID).

Instant payment gateway

Funds can be transferred instantly through net banking. ₹9 + 18% GST will be charged for such transfers.

To know more about adding funds using the payment gateway and the list of the supported banks, see How do I add money to my trading account in Zerodha directly through Kite?

NEFT/RTGS/IMPS

NEFT/RTGS/IMPS funds transfers are not instant. It can take anywhere from 30 minutes (for IMPS) to up to 10 hours (sometimes for NEFT) for funds to be updated on the Zerodha account. Visit zerodha.com/fund-transfer to learn more.

Important - Money once transferred will start showing under the Payin row in the funds menu for that particular day. - Funds must only be transferred from the bank account linked with Zerodha.

Withdrawal

The Withdraw button on Kite opens the fund withdrawal request page on Console.

Fund withdrawal requests are processed at cut-off times. If a request is placed before the cut-off time, the funds are typically credited to the bank account within 24 hours from the cut-off time. If the request is placed after the cut-off time, it takes an additional working day (up to 48 hours in total) for the funds to be credited to the bank account. To know the cut-off times, see How much time does it take to process a withdrawal request?

Values on the Kite funds page

Available margin (Cash + Collateral): Use this amount to place new trades. The available margin includes the benefit of pledging collateral, the premium received from shorting options, funds added during the day, the effect of realised profits and losses, and unrealised losses.

Used margin: This is the amount used towards trades during the day and will include funds used for purchasing instruments, option buying, intraday equity, F&O losses, etc. This also includes the blocked amount for open orders. This field would be negative if funds were generated by selling holdings, closing long options positions, etc.

Available cash: This is the current cash balance in the account. If the available cash balance is negative, 0.05% per day, or 18% p.a., will be charged as interest on the debit balance.

Opening balance: The cash available in the trading account at the beginning of the day.

Payin: The funds added during the day are reflected as the Payin balance.

SPAN: Exchanges use Standard Portfolio Analysis of Risk (SPAN) to calculate risk and margins for F&O portfolios.

Delivery margin: This is the margin blocked while selling securities. It also includes additional margin blocked if there are any F&O positions due for physical delivery.

Exposure: The exchanges charge the exposure margin over and above the SPAN margin to cover risks that the SPAN margin may not cover.

Option premium: The total amount paid to purchase options is shown in this row. This value will be negative if the funds are received by shorting or writing options.

Collateral (liquid funds): The amount received from pledging shares or ETFs is shown in this row.

Total collateral: The sum total of liquid funds and equity collateral is shown in this row.