Zerodha UPI Fund Transfer Process, Charges, Limit

Published on Tuesday, July 3, 2018 by Team InvestorGain| Modified on Friday, February 7, 2025

4.5/ 5 by Team InvestorGain

In March 2018, Zerodha launched a Unified Payment Interface (UPI) enabled fund transfer facility. It is the most convenient method to add money from the linked bank account to the Zerodha trading account instantly. The discount broker allows free UPI-based fund transfer up to the daily limit of Rs. 1 lakh at zero charges. Check out Zerodha UPI fund transfer process, features, charges, limit, and more.

Zerodha UPI ID

UPI is an instant payment mechanism developed by the National Payment Corporation of India (NPCI) that allows users to instantly transfer funds between two parties bank accounts. Zerodha customers can create a UPI ID on any BHIM UPI app and add funds to their Zerodha account using the linked bank account. Google Pay, Phone Pe, etc. UPI ID can be used to add funds to the Zerodha trading account.

Zerodha UPI Fund Transfer Features

Funds are transferred instantly using UPI.
Zero-cost fund transfer through UPI.
Real-time fund transfer.
Apply IPO online with Zerodha using UPI for free.
Customers can transfer upto Rs. 1 lakh per day to the Zerodha account.
The UPI facility is available on the Kite web as well as Kite mobile app.

How to add funds to Zerodha using UPI?

To add money using UPI, all you need to have is a registered UPI ID that must be linked with the same mapped bank account in your trading account. Zerodha Kite (web and mobile app) platform allows UPI-enabled fund transfers (Deposit and withdrawal).

You can use any UPI like PhonePe, Paytm, Google Pay, etc. to transfer money to your Zerodha account.

Steps to add funds in Zerodha through UPI:

Login to the Zerodha Kite.
Click on the “Funds” tab and tap on the “Add Funds” option.
Once clicked, a new window will open. Select UPI as a payment mode and enter amount, segment (Equity/Derivatives/Currency or Commodity), bank account, and UPI ID.
Make sure that the UPI is linked to the registered bank account with your trading account. Once details are entered, press the “Continue” button.
Notification of payment collect request will be sent to the provided UPI address. Check the UPI app and enter the UPI PIN to accept the payment request.
Once done, the Zerodha payment page will display a confirmation message that the funds are transferred successfully to your account.

Zerodha UPI Fund Transfer Charges

Free, yes, you heard it right, adding funds to the Zerodha trading account using UPI is free for all clients as they are not charged any brokerage fee. UPI transfers funds instantly and it immediately reflects into your Zerodha account.

Zerodha UPI Fund Transfer Limit

The fund transfer limit through UPI is Rs. 1 Lakh means customers can transfer a maximum of Rs. 1 lakh per day. However, one can add a maximum of Rs. 25000 for each transaction.

Frequently Asked Questions

1. Does Zerodha charges anything on UPI fund transfer?−

No, adding money to the Zerodha trading account through UPI is free and charged with nil brokerage. A client can transfer up to 25k per transaction restricted to a maximum daily limit of Rs. 1 Lakh.

2. How to create UPI ID on BHIM UPI App?+

One must have a registered UPI ID to add money in Zerodha and it must be linked or mapped with the same bank account. The process to create or set up BHIM UPI ID is as follows:

Download and install the BHIM App from the Play Store or the App Store.
Register yourself with the mobile number linked with the bank account.
Login by setting a 4 digit application password.
Link the registered bank account with the Zerodha Trading account on the UPI app by providing the bank account number, account holder name, etc.
Set UPI PIN and once done, you can use UPI ID to add funds in Zerodha.

3. How to transfer funds in Zerodha using UPI through Kite mobile app?+

Yes, Zerodha Kite mobile app also allows users to add money instantly to your account through UPI at their fingertips. Here is the step by step guide to add funds using UPI on the Kite App:

Download the Kite Mobile app and log in to your account.
Click on the Client ID option and on the top, go to the “Funds” option.
Tap on the “Add Funds” and enter the amount you want to add to your account and press the “UPI” option.
Check amount, select segment and enter virtual payment address (UPI ID) and press the “Continue” option.
Now, accept the payment request on the UPI app, and once done, funds will be transferred instantly.

4. Where to find UPI ID in PhonePe?+

Open PhonePe on your mobile device.
In the top left corner, tap on your profile picture.
Now, click on the “My BHIM UPI ID” option and it will display your UPI ID or virtual payment address.

5. What are prerequisites to start using fund transfer through UPI?+

You need to download UPI app on your mobile phone.
Make sure the UPI ID is mapped to a bank account that you have mapped to your Zerodha trading account.

6. What is BHIM-UPI ID?+

BHIM / UPI ID is a unique identifier (like email id) created by you which is mapped to your bank account and can be used to send or receive payments in BHIM / UPI system. For exampe - abc@hdfcbank where "abc" is a unique name.

7. What is the current limit for sending money through BHIM-UPI?+

Usually the maximum limit per transaction is Rs 1 lakh and the maximum per day limit is also Rs 1 lakh (subject to change). Do check with your bank for the limits.

8. Where to find UPI ID in Google Pay?+

Open Google Pay on your mobile.
Tap on your profile picture on the top right side.
The profile page will be displayed that shows Google Pay UPI ID just below your name.

9. I added funds to Zerodha account using UPI but why the payment gets failed?+

There are multiple reasons behind Zerodha UPI payment failure, here are a few:

If you have entered an incorrect virtual payment address (UPI ID).
Wrong UPI PIN is entered.
If you have not accepted the payment request sent by Zerodha.
BHIM UPI ID is linked with a different bank account, other than a bank account linked with the Zerodha Trading Account.

10. Can I add funds directly to Zerodha through BHIM UPI App?+

No, users cannot add funds directly using BHIM UPI App to the trading account. All the fund's payment requests can be placed only through the Kite web and mobile app and then the request needs to be accepted by the user.

11. Does Zerodha allow fund transfer via UPI?+

Yes, Zerodha facilitates its customers to add funds to their trading account through the UPI payment gateway. Users just need to create a UPI ID on BHIM UPI App and go to the Add funds user interface on Kite to add funds to your account. The best part is that it allows free fund transfer using UPI on your mobile phone.

How to add money to Zerodha Account using UPI