Transferring Funds from Unregistered Bank Accounts to Fyers

Can I deposit funds from an unregistered bank account to Fyers?

No, FYERS does not allow fund transfers from unregistered bank accounts, in line with SEBI regulations. Funds must be sent from accounts that are officially linked to your trading profile to ensure secure and traceable transactions.

What to Do If You’ve Already Transferred Funds

If you’ve transferred money from an unregistered bank account:

  1. Check if the bank account is in your name.
  2. If yes, send a scanned copy of the debit transaction statement to FYERS Support.
    • This statement must include:
      • Account Holder Name
      • Account Number
      • IFSC Code
      • MICR Code
      • Bank Branch details
  3. Email the document to: [email protected]

FYERS will then verify your request. Once approved, the bank can be designated as a secondary bank account, and the funds will be credited to your trading account.

You can link up to three bank accounts with your FYERS trading account. One will be the primary account, and the others will be treated as secondary accounts.

What if…

ScenarioWhat you can do
The bank account is not in my nameThe transfer will be rejected, and funds auto-refunded within T+2 working days.
I want to add another bank for future transfersSubmit a bank proof and request FYERS to link it as a secondary bank account.
I didn’t receive any confirmationReach out to FYERS Support with your transaction reference and scanned bank statement.
Last updated: 12 Jun 2025