Can I deposit funds from a friend or relative's bank account into my trading account?
No, FYERS does not allow fund transfers from bank accounts that are not registered in your name. As per SEBI regulations and internal compliance policy, only bank accounts held by the trading account holder can be used to deposit funds.
Even transfers from close family members—such as a spouse, parent, or sibling—are considered third-party and will be rejected or refunded.
Why third-party transfers are not allowed
- Regulatory compliance: SEBI requires that all trading account funding must originate from the account holder's own verified bank account.
- Ownership & traceability: This policy helps prevent misuse, money laundering, and ensures the source of funds is verifiable.
- Auto-refund process: Any transfer made from a third-party or unlinked bank account is automatically refunded to the source account within T+2 working days.
What if…
| Scenario | What you can do |
|---|
| You transferred funds from a relative’s or friend’s account | No action needed. The amount will be refunded automatically within 2 working days to the originating bank account. |
| You want to use another personal account | You can add and verify it as a secondary bank account in FYERS. To know the process, refer to this article. |
| You need to fund your account urgently | Use any of your already registered and verified bank accounts for instant deposit via UPI or NetBanking. |
To avoid rejections or delays, always transfer funds from a bank account that is registered in your name and linked to your FYERS account.
Last updated: 21 Aug 2025
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