NEST User: Fund Transfer into EQUITY, F&O and Currency Trading Account

The following mode of transfer could be used by NEST users for fund transfer into Equity, F&O and Currency Trading Account.

1. NEST Instant Transfer

NEST Instant Transfer is one of the quickest payment methods you could use to deposit funds from your bank account directly into your NEST trading account. Using this method you will get an instant automatic increase in your trading limits.

Here’s how to transfer funds through NEST TRADER:

  • Login to NEST Trader

  • Click on Secure URLs>PAYIN

  • Select Equity/FNO/Currency under Segment

  • Select the bank name and bank account number  (your registered bank details with us will be displayed for selection)

  • Type in the amount you want to transfer

  • Click submit

Note: There is a Rs. 8 + GST (Goods & service Tax) transfer fee charged for instant transfers. Each transfer can be a maximum of 25 lakhs. To overcome this limit, you need to make multiple pay-ins. There is no daily limit to the amount of funds you can transfer in.

 

Supported banks for Instant Transfer

  1. Axis Bank
  2. Bank of Baroda
  3. Bank of India
  4. Bank of Maharashtra
  5. Catholic Syrian Bank
  6. City Union Bank
  7. Deutsche Bank
  8. Dhanlaxmi Bank
  9. Federal Bank
  10. HDFC Bank
  11. IDBI Bank
  12. IDFC First Bank
  13. ICICI Bank
  14. Indian Bank
  15. Indian Overseas Bank
  16. Indusind Bank
  17. Jammu and Kashmir Bank
  18. Karnataka Bank
  19. Karur Vysya Bank
  20. Kotak Mahindra Bank
  21. Lakshmi Vilas Bank
  22. Punjab National Bank
  23. Saraswat Bank
  24. State Bank of India
  25. Tamilnad Mercantile Bank
  26. Union Bank of India
  27. YES Bank
  28. AU Small Finance Bank

2. Electronic Fund Transfer (NEFT/RTGS) – For existing clients

Deposit funds electronically into your trading account through your registered Bank with us using NEFT/RTGS facility. All the required deposit details are mentioned below

Name of beneficiary: VNS Finance & Capital Services Ltd.
Bank name: ICICI Bank Ltd
Bank Account no: VNSF<client code>   (Ex:VNSFYABC123)
IFSC Code: ICIC0000104
Account Type :- Current Account
Branch: CMS, Lower Parel, Mumbai
Pin Code :- 400013

Fund transferred through NEFT/RTGS will be processed/credited as per RBI settlement timings and normally takes 3-5 hrs..

# Deposits on bank holidays will be processed on the next working day.

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Comments

    1. Reply
      TradeSmart Article Author

      Hello Kalyan,
      For instant fund transfer, banks have to develop their system for Third Party Validation (TPV) which confirms us from where the funds are coming. Canara bank do not share the Third Party Validation information. Hence, it is not available for instant fund transfer.

  2. Reply
    Vaibhav Ghatge

    1) NEFT only or i can use IMPS for instant transfer
    2) Is it mandatory to send you the transaction details on your email-> support@vnsfin.com?
    3) If i make IMPS transfer, does it reflect to NEST trading app immediately?

    1. Reply
      TradeSmart Article Author

      Hello Vaibhav,
      We have gone through your queries, please find our comments below:
      1. You can transfer funds through both NEFT as well as IMPS modes.
      2. The reconciliation and updatation of trading balance in trading application for IMPS transactions may take upto 10 minutes

  3. Reply
    Tarun sahu

    Dear sir,
    I have transferred 11000 rupees in your account but there are not reflect in my account yrjt08
    Please help me

    1. Reply
      Trade Smart Online Article Author

      Hi Tarun,
      Hope you have transferred the amount to our Yes Bank account. Since RBI has put transaction restriction on Yes Bank, the payments are not getting processed from Yes Bank. You may speak to Yes Bank or please email us your bank statement of debit transaction, at support@vnsfin.com. Kindly use our ICICI bank mentioned in the above article for transferring funds through NEFT/IMPS/RTGS.

  4. Reply
    Amit kumar jha

    Hello I did imps transfer to my trading account from ICICI bank but it is not reflecting under sine app. Please help me to get that balance.

    1. Reply
      Trade Smart Online Article Author

      Hello Amit,
      We have not received the funds from your account. Kindly check your bank account if there is any reversal. If the amount is been already debited and not reversed then please send us the bank statement screenshot to support@vnsfin.com, we will check and let you know.

    1. Reply
      Trade Smart Online Article Author

      Hello Ajay,
      Kindly forward your bank statement copy to support@vnsfin.com. Please note your bank statement should have your account number, name, IFSC code and the debit transaction of the amount that you have transferred to our account.

    2. Reply
      PRABAKARAN.C

      Sir I have transfer today morning for Rs. 5000 and Rs. 5000 2times debited my SB but not credited in Demat account

    1. Reply
      Trade Smart Online Article Author

      Hello Santosh,
      You can place your payout request from web browser, desktop trading software or from back office BOX too. Please refer our knowledge base article to know the process of payout request.

    1. Reply
      Trade Smart Online Article Author

      Hello Shiva,
      Intraday exposure is different for MIS, Cover order and Bracket order. You may refer our knowledge base to know exposures in NEST. Kindly let us know in case you need any further information.

  9. Pingback: List of Banks for Fund transfer through NEST | Knowledge Base

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