Is Cheque Deposit Allowed for Fund Transfer to FYERS trading Account?
No, FYERS does not accept cheque deposits as a valid mode of fund transfer. To comply with SEBI regulations and ensure secure, real-time fund traceability, all transfers must be completed through approved digital banking methods only.
Accepted fund transfer methods
You can transfer funds to your FYERS trading account using any of the following methods:
- UPI (Unified Payments Interface) — free and fast
- IMPS (Immediate Payment Service)
- NEFT (National Electronic Funds Transfer)
- RTGS (Real-Time Gross Settlement)
- NetBanking from a linked bank account
The following are not supported:
- Cheque deposits
- Cash payments
- Wallet-based payments
- Debit/Credit cards
Always use a bank account that is registered with FYERS to avoid payment failures or reversals.
What if…?
| Scenario | What you can do |
|---|
| I deposited a cheque to FYERS’ account | The cheque will not be processed. Contact our support immediately for guidance on reclaiming or reversing the funds. |
| I want to make offline payments | Currently not supported. Please use UPI, NEFT, or NetBanking from your registered bank account. |
| I was told that cheques are allowed | This is incorrect. FYERS accepts only SEBI-compliant digital transfer methods. |
| I need help with a rejected or unprocessed cheque deposit | Contact our support to check if redirection or return of funds is possible through your bank. |
For the safest and fastest experience, always fund your FYERS account digitally using UPI or NEFT from a registered bank account.
Last updated: 21 Aug 2025
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