Is it possible to deposit cash or use a demand draft for my trading account?
No, FYERS does not accept cash deposits or demand drafts for trading account funding. All transfers must be made through SEBI-compliant digital methods to ensure traceability and security.
Accepted Fund Transfer Methods
Demand drafts, physical cash, and wallet-based payments like Paytm are not allowed.
As per SEBI regulations, FYERS cannot accept funds via cash, wallets, debit/credit cards, or demand drafts. Only bank-verified digital methods are permitted.
What if…
| Scenario | What you can do |
|---|
| I deposited cash at a bank branch | The transfer will not be accepted. Contact the bank to reverse or retrieve the funds. |
| I used a demand draft | DDs are not accepted. Use UPI, NEFT, or other approved methods for fund transfers. |
| I want to use offline methods | Use cheque payments from your registered bank account, or shift to digital modes. |
Last updated: 12 Jun 2025
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