What is the Procedure for Adding a Bank Account?
To add a bank account to your 5Paisa account, follow the detailed instructions for both the mobile app and the website. Ensure you have the necessary documents ready for a smooth process.
Adding a Bank Account Through the 5Paisa App
1. Login: Open the 5Paisa app on your mobile device and log in using your credentials.
2. Navigate to User Settings: Tap on the ‘User’ icon to access your account settings.
3. Access My Profile: Select ‘My Profile’ in the User section.
4. Manage Bank Details: In your profile, tap ‘Manage’ and then select ‘Bank Details’.
5. Add a New Bank: Click on ‘Add Bank’.
6. Enter Bank Information: Input your bank account number and the IFSC code.
7. Proceed: After entering the required information, click ‘Proceed’ to submit your request.
Adding a Bank Account Through the 5Paisa Website
1. Login: Go to the 5Paisa website and log in to your account.
2. Access Profile Settings: On the right side of the homepage, click on the profile icon.
3. Profile Management: Select ‘Profile’ from the dropdown menu, then click on ‘My Profile’.
4. Bank Details: In the profile section, navigate to ‘Bank Details’.
5. Add Bank: Click on ‘Add Bank’ to enter your new bank account information.
6. Enter Required Information: Fill in your bank account number and IFSC code.
7. Proceed: Click on ‘Proceed’ to complete the addition of your bank account.
Required Documents for Bank Addition
To ensure a successful bank account addition, please have the following documents ready:
Personalised Cancelled Cheque: Ensure the cheque clearly shows your name as the account holder.
Latest 4 Months' Bank Passbook: Provide a copy of your passbook showing transactions for the last four months.
Latest 4 Months' Bank Statement: Alternatively, you can submit a bank statement for the previous four months.
Important Notes
IMPS Verification: If the Immediate Payment Service (IMPS) verification fails, you will need to provide additional bank proof.
Details: Ensure that the documents clearly display the following details: Account Holder’s Name, Bank Account Number, IFSC Code, Bank Name, Branch Name, and MICR Code.
Processing Time: The processing time to update your bank details is approximately 72 working hours, subject to approval.
By
following these steps and providing the necessary documentation, you can
seamlessly add a new bank account to your 5Paisa profile. This will ensure that
your banking details are up-to-date, allowing for smooth financial transactions
and management within your 5Paisa account. If you encounter any issues or need
further assistance, feel free to contact 5Paisa customer support for help.
Related Articles
Procedure for Adding a Bank Account and Registering a New Mandate for Auto Pay for Paytm Payments Bank Customers with 5paisa
You can register maximum of 5 banks for Pay-in Process is as below: To Add Bank: Through Web Login to 5paisa website >> Right side Click on the profile icon >> Click Profile >> My Profile >> Bank Details >> Add Bank >> Enter Account no. and IFSC >> ...Can I remove/delete bank account from 5paisa Demat account?
Currently, there is no option to remove a bank account from your 5paisa Demat account. However, you can easily add another bank account to your 5paisa trading account. If you need assistance or have any questions about managing your bank accounts, ...How to link a bank account while opening a 5Paisa account?
While opening a trading account on 5Paisa, your details are automatically fetched from the UPI account through which you make the payment of the account opening fee. This UPI bank account has already been linked to your 5paisa account. However, if ...Steps for Adding Bank Details via UPI
Follow the below steps to add bank details via UPI- Step 1: Select the "Add bank details through UPI” option on the 5paisa app and click on “Proceed” Step 2: Select any one of the following UPI apps installed in your mobile phone. Step 3: A screen ...Can funds be added from the secondary bank account?
Yes, funds can be added to your 5paisa account from a secondary bank account. Here are the details to ensure a smooth process: Bank Selection Consistency: If you are using UPI for the transfer, make sure that the bank selected during the initiation ...