You will have to make a wire transfer to your brokerage account from your bank account (Indian/Overseas).
Things to Note:
- Account name: The funds must be transferred from an account in your name. Otherwise, they will be rejected by the broker partner, and you will incur a wire rejection fee.
- Currency: Your brokerage account needs to be funded in USD. Your bank will convert domestic currency into USD during the transfer.
- Banking options: Many Indian banks like ICICI, IDFC First, Kotak, SBI, and IndusInd allow a complete digital transfer of funds from your account up to USD 25,000.
- Transfer Details: If you choose the ‘other Indian banks’ option while filling out the form, you will need to add your Winvesta account details. When adding your Winvesta account, please follow this format:
FFC WINV [Account number](For example,FFC WINV 123456789).
We have detailed instructions and pre-filled forms available to make it convenient for you to fund your account. You can find them here.