Bank Transfers & Linking
Deposit money into your Firstock account

As Per the Exchange regulator transfer funds only from the bank account registered with us.

There are three different modes to deposit funds to your account.

Instant Deposits

Initiating a deposit through Instant payment gateway

  1. Tap the Funds tab
  2. Tap the Funds Transfer
  3. Choose the account you’d like to transfer from
  4. Enter the deposit
  5. Review the deposit
  6. Payment mode Net Banking / UPI
  7. Click Submit
  8. Approve the payment through Net banking or UPI

Keep in mind

  • Payment Mode UPI, no charge will be levied on the transaction
  • Payment Mode Net banking will be charged Rs. 9 + GST per Transaction
Other payment methods (IMPS/NEFT/RTGS)

You can also send money to us through NEFT or RTGS or IMPS facility provided by your bank without any charges. Please find the Firstock Account details for adding in your account.

Bank Details
Name NCO Securities & Share Broking Pvt Ltd
Bank HDFC Bank
Account Number 05230340003638
IFSC HDFC0000523

Keep in mind

  1. We don't charge any fees for transferring money through NEFT/RTGS/IMPS.
  2. NEFT/RTGS Funds usually clear and reflect within 2 to 4 hours depending on your bank.
  3. IMPS funds will be updated within 10 to 20 minutes.
  4. You need to compulsorily mail us the Screen Shot of the payment as proof of transfer and the screen shot should contain the Account Number from which the funds have been transferred to our mail id: support@thefirstock.com
  5. You will get SMS confirmation once the amount is credited to your trading account.
Cheques

You can add money to your trading account using a cheque, by sending us the cheque via courier or post to our head office and we will add the money to your trading account once the cheque gets cleared

OR

You can deposit your cheque in HDFC bank as mentioned below:

Name NCO Securities & Share Broking Pvt Ltd
Bank HDFC Bank
Account Number 05230340003638
IFSC HDFC0000523

Keep in mind

  1. You need to compulsorily send the cheque copy to: support@thefirstock.com
  2. Cheque updation will take 3 to 7 working days subject to clearance.
  3. In case of cheque payments, a charge of up to Rs. 350 would be levied as in case your cheque bounces.
  4. You will get SMS confirmation once the amount is credited to your trading account.
Withdraw money from Firstock account

To initiate a withdraw in the mobile app (iOS and Android) and Web App,

  1. Tap the Funds tab
  2. Tap Fund withdraw
  3. Choose the account you’d like to transfer to
  4. Enter the withdraw amount
  5. Review and Save

Keep in mind

  • Pay in made during the day cannot be withdrawn on the same day.
  • The minimum amount for a withdrawal is ₹ 100.
  • Withdrawal requests are processed on every 1st and 3rd Saturdays of the month. Requests placed on 2nd & 4th Saturdays and all Sundays will be processed on Monday.
  • Withdrawal requests placed before 6:30 PM on working days are processed on the same day.
Quarterly Compliance Pay-out

As per SEBI guide lines all brokers required to settle client funds lying in the trading accounts at least once in a quarter. withdrawal request will be processed without your request if you are not using funds in the trading at least once in quarter.

Keep in mind

The quarterly settlement rule is subject to the below-listed points:

  • If your trading account balance is more than ₹ 10,000 on the quarterly settlement date, the entire free balance will be sent to your bank account.
  • In case your trading account balance is less than ₹ 10,000 then the quarterly settlement is not required and the funds can be kept in the trading account until you want to withdraw or utilise them.
  • In case you have less than ₹ 10,000 in your trading account and haven't traded in the quarters, your funds will be sent to your bank account.
  • If you hold any open F&O position, an additional 125% margin can be blocked, and any balance amount will be sent to your bank account.
Link Your Bank Account

More than one bank account can be linked to your trading account.

The bank proof submitted during Account Opening will be mapped as the primary bank account.

You can link 1 primary bank and up to 3 secondary bank accounts to your Firstock Trading Account.

While adding or withdrawing funds you can select the bank.

You can add Secondary bank account via profile Update from reports tab or you can send mail to support@thefirstock.com from your registered mail ID along with the bank proof.

How do I change my primary bank account linked with Firstock Trading Account.

The option to modify the primary bank, you can use the offline process explained below.

Print, fill, & sign the account modification form, attach the proof of your new bank account and send the form to our corporate office.

Accepted bank proof can be any one of the following:

  • Personalized Cancelled cheque (name printed on the cheque leaf)
  • Bank statement (with IFSC Code and MICR No.) (self-attested copy)
  • Bank Passbook statement (self-attested copy)

Dividends and other corporate action benefits for your holdings are transferred to your primary account since it is mapped to your demat account. Accordingly, depository regulations require us to collect either an e-sign or a physical signature to map either linked or new bank accounts as primary.