FUND

Fund Transfer

As a customer of Prime Trade Solutions., you have the below options to transfer funds to your trading account:

Method	Bank Account	Process	Time taken
1. UPI	UPI Enabled Bank	Login to your online trading software and transfer using the UPI Transfer. Enter the amount and UPI ID. IIFL Markets will send a collect request to the Virtual Payment Address (VPA). You will receive a mobile notification in your UPI app. Accept it and the payment is complete!	1-2 Minutes
2. IMPS	You may transfer from any bank to our below mentioned Designated Banks,as long as your bank details are registered with us.	Transfer online through internet banking and take a screenshot of the confirmation page. Your trading account shall automatically reflect the balance transferred almost instantly. Bank details are mentioned below	1-2 minutes during market hours

Important points to note

As per required guidelines, you can only transfer funds from your registered bank account with Prime Trade Solutions.
We are one of the few brokers to maintain a single bank account for both Equity and Commodity, which means you do not need to transfer between your Equity and Commodity Accounts separatly. Bank Account details are mentioned below.
As per the regulations, we cannot accept Cash transfers or transfers through Debit or Credit Cards.
If you do not see the credit in your trading account immediately after transferring funds from the instant payment gateway or IMPS option, or after the stipulated time for NEFT / RTGS transfers, you need to send us a screenshot of the debit from your bank account to example@gmail.com so we can coordinate with your bank and the payment gateway. If the payment fails for any reason, you will need to wait at least 24 hours for the funds to reflect in your trading account or get refunded to your bank account.

You can place a fund withdrawal request by entering your details here or by sending an email to example@gmail.com stating your Client ID, amount to be withdrawn and the segment (Equity / Commodity).
Funds transferred through the payment gateway takes 24 hours to settle, therefore same day payout request cannot be processed for such cases.
In case of Intraday trading, funds are available for withdrawal only after T+1 days. In case of selling your holdings, funds are settled on T+2 days, and cannot be withdrawn before that.
All withdrawals are processed at 9 AM on Mondays to Fridays and any withdrawal request placed after this time will be processed on the next working day.
Funds may take up to 24 hours to be credited to your bank account once they are processed by us.