Know the details about the How to Activate IMPS in Upstox Online Charges Things to Know, How to Activate IMPS in Upstox SBI Online Charges FAQ
How to Activate IMPS in Upstox: A Comprehensive Guide
Upstox, a leading online brokerage firm in India, has made investing in the stock market accessible to millions of Indians. Among its many services, Immediate Payment Service (IMPS) stands out for its convenience and speed. This blog post will provide you with a step-by-step guide on how to activate IMPS in Upstox, important points to keep in mind, and frequently asked questions.
How to Activate IMPS in Upstox Online Charges Things to Know
What is IMPS?
IMPS, or Immediate Payment Service, is a real-time interbank electronic funds transfer system in India. It allows you to instantly transfer money from your bank account to any other bank account, 24/7, even on holidays.
Step-by-Step Procedure to Activate IMPS in Upstox
- Log in to Upstox: Begin by logging in to your Upstox account using your username and password.
- Navigate to Funds: Once logged in, go to the ‘Funds’ section located in the menu bar.
- Add Bank Details: Here, add your bank account details. Make sure that the bank account you’re linking is registered under your name and has IMPS facilities enabled.
- Verify your Bank Account: Upstox will send a small amount (less than Rs. 1) to your bank account for verification. Check your bank account for this transaction.
- Confirmation: Once you confirm the receipt of this amount, your bank account will be linked to your Upstox account.
- Activate IMPS: Now, choose ‘IMPS’ as your preferred mode of transferring funds.
Congratulations! You have successfully activated IMPS in Upstox.
Things to Know
- The maximum limit for IMPS transactions is Rs. 2 Lakhs per day.
- There might be nominal charges for IMPS transactions based on your bank’s policy.
- Ensure that the mobile number linked to your bank account is also linked to your Upstox account for seamless transactions.
Frequently Asked Questions
Q: Can I link multiple bank accounts to my Upstox account?
A: Yes, you can link multiple bank accounts to your Upstox account. However, you can only withdraw funds to your primary bank account.
Q: What do I do if my bank is not listed in Upstox?
A: If your bank is not listed in Upstox, you can contact the Upstox customer care team for assistance at +91-22-6130-9999.
Q: Is it safe to use IMPS in Upstox?
A: Yes, it is safe. Upstox uses advanced security measures to protect your transactions and personal data.
In conclusion, activating IMPS in Upstox is a simple process that offers significant convenience for your financial transactions. If you encounter any issues while activating IMPS, don’t hesitate to reach out to Upstox’s customer service for assistance. Happy investing!