Unlock the secrets of funding your trading account with ease! Whether you have a 2-in-1 demat or a stock trading account, understanding how to transfer funds and the associated charges is crucial. Look no further, as we bring you two convenient ways to add funds and shed light on the fees you need to know when transferring funds to your Motilal Oswal trading account.

How Are Funds Added to a Trading Account?

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You can add/transfer funds to your MO trading account in two ways:

1. Net Banking

To add funds to your trading account, you can directly transfer money from your bank account. But before that, it is important to activate your net banking facility.

Motilal Oswal offers traders a convenient net banking payment gateway that supports 45 banks, including:

• State Bank of India
• ICICI Bank
• HDFC Bank
• Axis Bank
• Kotak Mahindra Bank
• Bank of Baroda
• Bank of India
• Canara Bank
• IDFC First Bank
• Yes Bank
• Punjab National Bank
• Standard Chartered Bank
• IndusInd Bank
• Deutsche Bank

To add funds to your trading account using net banking, follow these steps:

Step #1: Open the Motilal Oswal mobile app on your smartphone.

Step #2: Navigate to “User”.

Step #3: Click "Add Funds" and enter the amount of money you want to deposit in your trading account from your bank account through net banking.

Step #4: Click on the “Net Banking” tab. Once you click it, you will be redirected to your bank’s website.

Step #5: Use your net banking credentials to log in to your bank account.

Step #6: Now, you have to authorise the amount of money you entered in Step #3.

Once you have completed the last step, the money will be credited to your trading account.

2. UPI

To deposit funds into your trading account, you can initiate a direct transfer of money from your bank account using the Unified Payments Interface (UPI).

Follow these steps to add funds to your trading account using UPI:

Step #1: When you click on funds transfer from a bank (pay-in) on your trading account, you will get two options: Net Banking and UPI.

Step #2: Select UPI.

Step #3: Choose your bank from the list of options provided.

Step #4: Provide your bank account details.

Step #5: Enter the amount of money that you want to transfer.

Step #6: Provide your unique UPI ID or VPA (Virtual Payment Address). Now, click on "Proceed."

Step #7: You will receive a payment request on one of your UPI apps (Paytm, Google Pay, etc.).

Step #8: Choose "Pay" to make the payment. Once you do, the money you raised in the request form will be transferred to your trading account

What are the Charges to Add Funds to a Trading Account?

The charges for adding funds to your trading account vary per the mode of fund transfer and the plan you have chosen for trading.

Let's explore the charges as per the mode of transfer.

1. Net Banking Charges

The charges for fund transfer to your trading account using net banking are given below:

Rs. 10 Charge: You must pay Rs. 10 to transfer funds from your bank account to your trading account if you have a Basic or Power Investor Plan.

Free: The fund transfer charge is free for net banking if you have an Ultra Trader Plan.

2. UPI Charges

You do not have to pay any charges for transferring funds to your trading account using UPI.

Parting Thoughts

Whether you choose the convenience of net banking or the efficiency of UPI, understanding the process and charges associated with them empowers you to navigate your financial journey with confidence.

With this knowledge in hand, you can make informed decisions and optimise your trading experience. Take control of your funds, seize opportunities, and embark on a successful trading journey. Happy trading!