Linking Bank Accounts with FYERS Demat

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
  • Current Account (must be in your name if personal)

These account types are supported for both deposits and withdrawals from your trading account.

Non-Eligible Account Types

FYERS does not allow linking of:

  • Overdraft (OD) Accounts
  • Cash Credit (CC) Accounts

Such accounts are typically used for credit facilities or business funding, and are restricted due to compliance with SEBI and exchange guidelines.

Always link a bank account held in your name. Transfers from third-party or unregistered accounts will be rejected.

What if…

ScenarioWhat you can do
You accidentally linked an OD or CC accountRemove the account and link a savings or current account.
You’re unsure if your current account is eligibleContact FYERS Support with your account type confirmation.
You want to switch banksYou can add or change your linked bank through the FYERS platform.
Last updated: 12 Jun 2025

    • Related Articles

    • Is it possible to link a joint bank account to my trading account?

      Yes, FYERS allows you to link a joint bank account to your trading account—provided you are one of the named account holders. This helps ensure regulatory compliance while offering flexibility in funding options. Conditions for Linking a Joint Bank ...

    • 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 ...

    • Can I deposit funds from an unregistered bank account to Fyers?

      No, FYERS does not allow fund transfers from unregistered bank accounts, in line with SEBI regulations. Funds must be sent from accounts that are officially linked to your trading profile to ensure secure and traceable transactions. What to Do If ...

    • How to add a bank account to your FYERS account?

      Adding a secondary bank account to your FYERS Trading account is straightforward. You can do this using either the UPI method (faster) or via IFSC-based verification. Only bank accounts held in your name are eligible. Steps to Add a Bank Account via ...

    • 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 ...