Payment Option with Sharekhan

As you are already aware, in the current situation, online payment options are the need of the hour.

Here are ALL the options available to you for instant payments and immediate credits to your trading account maintained with us:

Option 1 – Direct Payment Gateways with Large Retail Banks

You can just log in to Sharekhan and move funds directly from your registered bank to your Sharekhan trading account in a matter of minutes. We have direct tie-ups with the following banks for this facility. Direct payments can be used for instant fund transfers from your registered bank account without the need of any registration.

  • HDFC Bank
  • ICICI Bank
  • State Bank of India
  • Axis Bank
  • Bank of India
  • Union Bank of India
  • IndusInd Bank
  • Oriental Bank of Commerce
  • Deutsche Bank
  • Federal Bank
  • IDBI bank
  • Kotak Mahindra Bank
  • Yes Bank

If you already have a bank account with one or more of the aforementioned 13 banks, then we would recommend you to use the direct payment gateway mode of transfer rather than initiating UPI/NEFT transfers.

Option 2 – UPI Transfers

UPI transfers are now integrated with the Sharekhan website and all valid transfers will get credited instantly. The transfers can be initiated post logging in to your account through the Sharekhan website or the Sharemobile app for instant fund transfers from your registered bank account.

We request you to initiate UPI transfers through the Sharekhan website or the Sharemobile app only. Otherwise, it does not provide complete transaction clarity and may lead to delays in credits.

Here are 2 quick run-throughs of steps to transfer funds to your Sharekhan account via UPI:

Option 3 – NEFT/RTGS Transfers

To initiate NEFT/RTGS transfers to Sharekhan, register the following beneficiary details to your bank account for faster credits. Either of the banks can be used for initiating your funds transfers.

YES Bank

  • Bank Name: Yes Bank
  • Beneficiary Name: Sharekhan Limited
  • Branch: Worli, Mumbai
  • Account Type: Current Account
Beneficiary Account Equity/FNO Segment Commodity Segment Mutual Fund Segment
Separate account details for each segment 9035 + client code SKCOMM + client code SK21MF + client code
Example: If your client code* is XXXX, the beneficiary number will be 9035XXXX Example: If your client code* is XXXX, the beneficiary number will be SKCOMMXXXX Example: If your client code* is XXXX, the beneficiary number will be SH21MFXXXX

*Your client code is the code mentioned in your contract note / ledger statement

Option 4: Cheques

As the deposit of cheques is currently not a feasible option considering that many banks have closed a majority of their branches locally, we would urge you to use the modes mentioned earlier instead of relying on cheques to continue business smoothly.

Important Notes:

  • Funds can be transferred only from your registered/mapped bank account with Sharekhan. To map your latest bank account before initiating any fund transfers, speak to your Relationship/Branch Manager.
  • We strongly urge you to AVOID direct UPI transfers from Google Pay, BHIM or other UPI apps and direct NEFT/RTGS transfers from your registered/unmapped bank accounts as the credit will not be received in your Sharekhan account.

#StaySafe #StayHome

Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. SEBI Regn. Nos.: BSE / NSE / MSEI (CASH / F&O / CD) / MCX - Commodity: INZ000171337; DP: NSDL/CDSL-IN-DP-365-2018; PMS: INP000005786; Mutual Fund: ARN 20669; Research Analyst: INH000006183; MCX Member id – 56125. For any complaints email at

Compliance Officer: Mr. Joby John Meledan; email id:; Tel: 022 – 61150000.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges. For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments. Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.

Mutual Fund Disclaimer: Mutual fund investment are subject to market risk. Read all the scheme-related documents carefully before investing. For more details, tap here.

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