Can I link a joint bank account to my trading account?
Yes. FYERS allows linking a joint bank account to your trading account, provided you are one of the named account holders. This maintains regulatory compliance while giving you flexibility in funding.
Eligibility to link a joint bank account
- You are listed as an account holder on the joint account.
- The joint account is verified and mapped to your FYERS profile.
- Only transfers from registered (linked) joint accounts are accepted.
Steps after transferring funds from a joint account
If you’ve already transferred funds via NEFT/RTGS/IMPS/UPI from a joint account, follow the steps below:
- The transaction reference or a screenshot of the debit, and
- Your FYERS client ID with confirmation that your name appears on the joint account.
- FYERS will verify the account ownership.
- Upon successful validation, your trading account balance will be updated. You’ll receive a ticket number by email to track the request.
To avoid delays, pre-verify your joint account by submitting a bank statement or passbook that shows both account holders’ names.
What if…
| Scenario | What you can do |
|---|
| My name isn’t on the joint account | You cannot link this bank account to your FYERS profile. |
| I transferred before linking the account | Email us the proof of the transaction and joint ownership. |
| I want to use the joint account regularly | Request to add it as a secondary bank account. |
Last updated: 20 Aug 2025
Related Articles
What types of bank accounts can I link to my FYERS Demat account?
When setting up your FYERS Demat account, it's important to link an eligible bank account to ensure smooth fund transfers and regulatory compliance. Eligible Bank Account Types You can link the following account types: Savings Account Salary Account ...
Can I connect my personal current bank account with my trading account?
Yes, FYERS allows you to link a personal current account to your trading account as long as the account is held in your name. Current accounts operated under a business, firm, or entity name are not permitted. This restriction is based on SEBI ...
How many banks can I link with my FYERS trading account?
You can link up to five bank accounts to your FYERS trading account. Among these, only one can be marked as the Primary Account, which is used for fund withdrawals, dividend credits, and quarterly settlement payouts. The remaining accounts are ...
How can I modify the primary bank details linked with my FYERS trading account?
You can choose any of your verified bank accounts as the Primary bank on FYERS. The Primary bank is used by default for withdrawals and fund deposits. Only one bank can be set as Primary at a time. Steps to Set a Primary Bank in FYERS Log in to ...
Can I deposit funds from a friend or relative's bank account into my trading account?
No, as per SEBI regulations and FYERS policy, only bank accounts registered in your name can be used to deposit funds into your trading account. Transfers from accounts held by others—even close family members—are strictly not permitted. Why ...