Hello Guys if You don’t know about How to Change Bank Account in Upstox? You are searching for Changing Bank Account in Upstox.Then You are at Right Place.

Your bank account business plays a very important role. Most of us have more than one bank account, and sometimes you can add, remove or change your business bank account. In this article, we will discuss How to Change Bank Account in Upstox.

Mumbai-based Upstock is one of the leading discount brokers in India and now has over 500,000 clients. For bank accounts, brokers allow two types of accounts – primary bank accounts and secondary accounts.

Upstox Bank Account

Your savings bank account details help you transfer money to your trading account. If you register a bank account, it will be automatically marked as the primary bank account.

However, it allows brokers to link multiple bank accounts. If you add more than one bank account, one will be called the primary account, and the other is called the secondary account.

A primary stock bank account is basically used for withdrawals, while a secondary account can be used to transfer funds to your regular trading account, but funds are not withdrawn from your secondary bank account.

The broker recommends using a registered bank account to avoid delays in the process. All banks in this category can receive instant payment through ATOM online payment gateway. This makes Upstox financial transactions very easy.

Banks that are not on this list can transfer funds through NEFT using the wire transfer method. Such a transfer may take 3 to 4 hours.

Changing Upstox Bank Accounts

There are many reasons for a client to change the account/brokerage account registered with his broker. He can open a new bank account and close an old one, he can have more than one account and he doesn’t want to approach any particular bank anymore.

Whatever the reason, you can change, add or delete your bank account on your preferred Upstox trading platform. Brokers offer two ways to do this – online and offline.

Read More: Simple Step by Step Guide to Apply for IPO in Upstox

How to Change Upstox Bank Account Online and Offline.

The question here is how to add a secondary bank account in Messenger? Or How to add another bank account to save? This is very common among active customers of the company.

Upstox Bank Account Transfer can be done online through the Abstack Post Office portal. Keystone You can change/add your bank account through this portal.To change your bank account in Upstox via the internet approach, follow these steps

How do I add an online bank account to my list?

  1. Go to Keystone Upstox and log in to your account.
  2. After logging in, click on the Request Services box on the Keystone home page.
  3. You will be taken to the repair page, which will have a section called “Bank Account“.
  4. At the bottom, click “Add Bank”.
  5. You will be asked to fill in the bank information like “Account Type”, “IFSC Code” and “Bank Account Number”.
  6. To add your trading account as a primary bank click on the option ‘Create this primary bank’ OR To add it as your primary bank click on the option ‘Create this primary deemat bank’ to add it to your primary deemat account.
  7. If you select the first option, the request to return to this account will be processed.
  8. If you choose the second option, you will benefit from the advertised bank accounts.
  9. Clicking on “Next” will take you to a page where you need to upload your bank documents.
  10. Make sure that the bank proof provided by you includes MICR/IFSC code, full name and account number. Your bank statement should not be more than 3 months old.
  11. Once the relevant documents are uploaded, an OTP will be sent to your mobile number registered with Aadhaar.
  12. If you have access to your advertisement link number, click on the option to complete the verification. If you do not reach this number, continue offline.
  13. Once OPT is confirmed, it will take 24 to 48 hours for your request to be processed

Final Words

So Guys, How did you like Our Article Step by Step Guide: How to Change Bank Account in Upstox. We hope this article gives you complete information on how to transfer, add or transfer your bank account to Upstox, Please do share and comment you thought about this post. if you want to invest, start with a demat account.

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