Deposit money into your Firstock account

As Per the Exchange regulator transfer funds only from the bank account registered with us.

There are three different modes to deposit funds to your account.

Instant Deposits

Initiating a deposit through Instant payment gateway

1. Tap the Funds tab
2. Tap the Funds Transfer
3. Choose the account you’d like to transfer from
4. Enter the deposit
5. Review the deposit
6. Payment mode Net Banking / UPI
7. Click Submit
8. Approve the payment through Net banking or UPI

Keep in mind

• Payment Mode UPI, no charge will be levied on the transaction
• Payment Mode Net banking will be charged Rs. 9 + GST per Transaction

Other payment methods (IMPS/NEFT/RTGS)

You can also send money to us through NEFT or RTGS or IMPS facility provided by your bank without any charges. Please find the Firstock Account details for adding in your account.

Bank Details

Keep in mind

1. We don't charge any fees for transferring money through NEFT/RTGS/IMPS.
2. NEFT/RTGS Funds usually clear and reflect within 2 to 4 hours depending on your bank.
3. IMPS funds will be updated within 10 to 20 minutes.
4. You need to compulsorily mail us the Screen Shot of the payment as proof of transfer and the screen shot should contain the Account Number from which the funds have been transferred to our mail id: [email protected]
5. You will get SMS confirmation once the amount is credited to your trading account.

Cheques

You can add money to your trading account using a cheque, by sending us the cheque via courier or post to our head office and we will add the money to your trading account once the cheque gets cleared

OR

You can deposit your cheque in HDFC bank as mentioned below:

Keep in mind

1. You need to compulsorily send the cheque copy to: [email protected]
2. Cheque updation will take 3 to 7 working days subject to clearance.
3. In case of cheque payments, a charge of up to Rs. 350 would be levied as in case your cheque bounces.
4. You will get SMS confirmation once the amount is credited to your trading account.

Withdraw money from Firstock account

To initiate a withdraw in the mobile app (iOS and Android) and Web App,

1. Tap the Funds tab
2. Tap Fund withdraw
3. Choose the account you’d like to transfer to
4. Enter the withdraw amount
5. Review and Save

Keep in mind

• Pay in made during the day cannot be withdrawn on the same day.
• The minimum amount for a withdrawal is ₹ 100.
• Requests placed Saturdays and Sundays will be processed on Monday.
• Withdrawal requests placed before 4:00 PM on working days are processed on the same day.

Quarterly Compliance Pay-out

SEBI mandates stockbrokers to settle (transfer available credit balance from Trading account to Bank account) the client’s funds lying in the trading accounts at least once in a quarter (90 days) or 30 days. This process of transferring unused funds back is called ‘Running Account Settlement’ or ‘Quarterly Settlement of funds’. The funds are transferred back to the primary bank account mapped to your NCO account. Recently, SEBI made changes in the way funds are settled, mandating that all brokers transfer back funds to the client's account in 3 days if there have been no trades in the client's account for a period of 30 days. This is despite the client having chosen the '90-day' settlement cycle. This means that if you haven't traded continuously for 30 days in any segment, the funds will be transferred back to your account in the next three days. Suppose the client has chosen the 90-day settlement cycle, i.e. quarterly settlement, and the client has traded continuously without the gap of 30 days. In that case, the funds will be transferred to the client's account only after 90 days, i.e. quarterly settlement. For example: If your free cash was ₹ 50,000/- on August 01st and you haven't traded the entire month until 30th, your funds of ₹ 50,000/- will be transferred back to your bank account within September 02nd. Suppose you're an active trader and the gap between your trades is less than 30 days, and you've chosen the 90-day settlement cycle. In that case, the funds will be transferred back only after 90 days, i.e. quarterly settlement.

The funds will be settled on the 1st friday of every month with respect to Clients who opted for Monthly Settlement, For Quarterly Settlement the funds will be settled on the 1st Friday of the quarter Clients who opted for Quarterly Settlement.

Link Your Bank Account

More than one bank account can be linked to your trading account.

The bank proof submitted during Account Opening will be mapped as the primary bank account.

You can link 1 primary bank and up to 3 secondary bank accounts to your Firstock Trading Account.

While adding or withdrawing funds you can select the bank.

You can add Secondary bank account via profile Update from reports tab or you can send mail to [email protected] from your registered mail ID along with the bank proof.

How do I change my primary bank account linked with Firstock Trading Account.

The option to modify the primary bank, you can use the offline process explained below.

Print, fill, & sign the account modification form, attach the proof of your new bank account and send the form to our Registered Office.

Accepted bank proof can be any one of the following:

• Personalized Cancelled cheque (name printed on the cheque leaf)
• Bank statement (with IFSC Code and MICR No.) (self-attested copy)
• Bank Passbook statement (self-attested copy)

Dividends and other corporate action benefits for your holdings are transferred to your primary account since it is mapped to your demat account. Accordingly, depository regulations require us to collect either an e-sign or a physical signature to map either linked or new bank accounts as primary.