Given below is the list of Banks for fund transfer through NEST instant transfer.

Sr. No. Bank Name
1 Axis Bank
2 Bank of India
3 Bank of Maharashtra
4 State Bank of Patiala
5 Catholic Syrian Bank
6 City Union Bank
7 Deutsche Bank
8 Dhanlaxmi Bank
9 Fedral Bank
10 HDFC Bank
11 ICICI Bank
12 IDBI Bank
13 Indian Bank
14 Indian Overseas Bank
15 Indusind Bank
16 Jammu and Kashmir Bank
17 Karur Vysya Bank
18 Kotak Mahindra Bank
19 Lakshmi Vilas Bank
20 Saraswat Bank
21 State Bank of Bikaner and Jaipur
22 State Bank of Hyderabad
23 State Bank of India
24 State Bank of Mysore
25 State Bank of Travancore
26 Tamilnad Mercantile Bank
27 Yes Bank


Why other banks are not listed? 

For instant fund transfer banks have to develop their system for Third Party Validation (TPV) which confirms us from where the funds are coming. In case the bank do not share this information then Third Party Validation cannot be made. This TPV facility is not available with other banks that are not listed above.

In case your bank is not listed here you may still transfer funds through NEFT which would take less than an hour to get updated in your trading account.

Comments

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  2. NIMESHKUMAR MODI

    HOW CAN I TRANSFER KOTAK TO KOTAK (VNS FINANCE) INSTANT TRANSFER. SEND ME LINK OR GUIDE ME TOMORROW MORNING AT 9:00 ON 9737888238 WITHOUT FAIL

    1. Trade Smart Online Article Author

      Hello NimeshKumar,
      You can use instant payment facility available in NEST trader terminal. Login your NEST, go to Secured URL (Available in menu bar), click on payin. You are required to enter the amount to be transferred. Then you will be redirected to your net banking page.
      You can also transfer from Sine mobile app. Login Sine mobile app. click on three horizontal line from top left corner. Click on fund transfer and enter the amount. After entering your net banking login credentials, your funds will be transferred instantly.

    1. Trade Smart Online Article Author

      Hello Shailesh,
      We would suggest to transfer funds through instant payment gateway facility if you have linked any bank among 28 banks listed. This will allow you to get the funds to your trading account instantly. You may also transfer using NEFT/IMPS through which the funds would get credited to your trading account within one hour. If you still need the bank account details for cheque deposit, kindly send an email to [email protected]. We will revert with the bank details.

  3. FS

    I seek a clarification before account opening, that in case, there is sufficient Fund in my Account with you, delivery based shares will come in my demat account with you, and such delivery based shares will not be part of your (Broker) Pool Account. If you give me confirmation to this effect, I will happily go ahead and open an account with you. I have raised a ticket to this effect also, #555318

    1. Trade Smart Online Article Author

      Hello Sanghvi,
      Yes, you are right. If you have sufficient balance in your trading account then delivery shares bought by you will come to your demat account.

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