Is it possible to deposit cash or use a demand draft for my FYERS trading account?
No, FYERS does 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)
What if…
| Scenario | What you can do |
|---|
| I deposited cash at a bank branch | The transfer will not be accepted. Contact your bank to reverse or reclaim the amount. |
| I used a demand draft (DD) to deposit funds | The funds will not be accepted. Please use UPI, NEFT, or other approved digital methods. |
| I want to use offline methods like cheques | You 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 account | The transfer will be rejected. To know more, refer to this article. |
| I tried using a debit or credit card | Card-based transfers are not accepted at FYERS. To know why, refer to this article. |
Always transfer funds from a bank account that is linked to your FYERS trading account to avoid delays or rejections.
Last updated: 21 Aug 2025
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