Is it possible to deposit cash or use a demand draft for my FYERS trading account?

Is It Possible to Deposit Cash or Use a Demand Draft for My FYERS Trading Account?

No, we do not accept cash deposits or demand drafts for funding your trading account. Fund transfers must be made through SEBI-approved digital methods to ensure your transactions are secure, traceable, and compliant with regulatory norms.

Accepted fund transfer methods

You can deposit funds into your FYERS trading account using the following verified channels:

  • UPI (Unified Payments Interface)
  • IMPS (Immediate Payment Service)
  • NEFT (National Electronic Funds Transfer)
  • RTGS (Real-Time Gross Settlement)
  • NetBanking (via registered bank accounts)

The following are not allowed under SEBI norms and FYERS policy:

  • Physical cash deposits at bank branches
  • Demand drafts (DDs)
  • Debit/Credit card payments
  • Wallets (e.g., Paytm, PhonePe)
Always transfer funds from a bank account that is linked to your FYERS trading account to avoid delays or rejections.

What if…

ScenarioSolution
I deposited cash at a bank branchThe transfer will not be accepted. Contact your bank to reverse or reclaim the amount.
I used a demand draft (DD) to deposit fundsThe funds will not be accepted. Please use UPI, NEFT, or other approved digital methods.
I want to use offline methods like chequesYou can use cheque payments, but only from your registered bank account. Ensure that the cheque is issued in your name and is not from a third party.
I used an unregistered bank accountThe transfer will be rejected. To know more, refer to this article.
I tried using a debit or credit cardCard-based transfers are not accepted at FYERS. To know why, refer to this article.

Last updated: 26 Nov 2025