We just made transferring high value funds from your Bank Account to your Trading Account on Dhan a lot simpler and fast.
Introducing Smart Transfer
Starting today, you can transfer up to INR 99,99,999 (99 Lacs) from your bank account to your trading account via IMPS / NEFT / RTGS on Dhan. And this is at no additional charges, completely free!
How does this work?
Every user who has a registered trading and demat account on Dhan, we have enabled a dedicated bank account that you can add to the list of beneficiaries (we would recommend you to add us as Payee in your bank app for easier access in future) on your Bank Account that is verified by Dhan.
Once added, you can transfer funds directly via either IMPS / NEFT / RTGS - but yet, if you ask us - we will tell you to do IMPS because it is instant; while NEFT & RTGS will take the usual settlement time and cycle that your bank follows.
Also remember that, you can transfer funds only from the bank account that is linked and verified on Dhan. In case you (by mistake) transfer funds from another bank, the transaction will be rejected and will take a few days to reflect back in your bank account.
You will be able to view details of Smart Transfer while adding funds on Dhan or in the “Banks” section. This feature will be enabled on both - web & app (please update the app if not already).
Now enjoy the lightning fast investing & trading on Dhan even more!
Product Team @ Dhan