What types of bank accounts can I link to my FYERS account?
When setting up your FYERS trading and Demat account, you must link an eligible bank account to enable seamless deposits and withdrawals while complying with SEBI rules.
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 tied to credit facilities or business funding and are restricted under SEBI and exchange guidelines.
Always link a bank account held in your own name. Transfers from third‑party or unregistered accounts will be rejected.
What if…
| Scenario | What you can do |
|---|
| You accidentally linked an OD or CC account | Remove the account and link a savings or current account. |
| You’re unsure if your current account is eligible | Contact us with your account details to confirm eligibility. |
| You want to switch banks | Add or update your linked bank account through the FYERS platform. |
Last updated: 21 Aug 2025
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