Why is the money added through IMPS, NEFT, or RTGS not reflected in the 5paisa Demat account?
If money added through IMPS, NEFT, or RTGS is not reflected
in your 5paisa Demat account, here are some potential reasons and steps to
resolve the issue:
Discontinued
E-Collection Accounts
- ICICI Bank
E-collection Account (FPAISA) was discontinued effective from 10th October 2022.
- YES Bank E-collection Account
(5PAISA) was
discontinued effective from 30th June 2023.
- Auto-Refunds: Any funds transferred to these
accounts will be automatically refunded within 3-5 days.
Preferred
Fund Transfer Method
- Use Smart
Collect: For adding
funds via IMPS/NEFT/RTGS, use the Smart Collect method. This is now the
preferred mode for such transactions.
Funds
Updation Time
- IMPS: Transfers made through IMPS are
typically updated quickly, usually within 15 minutes, depending on your
bank's processing time.
- NEFT/RTGS: Transfers made through NEFT or
RTGS may take longer to update, sometimes a few hours, based on your
bank's processing time. For faster updates, IMPS is recommended.
Important
Note:
- Unique Smart
Collect Account: Your Smart Collect account is unique to your client code. Do not
share this account information with anyone else.
- Registered Bank Account: Ensure that you transfer funds
from your registered bank account that is mapped with your 5paisa account.
Transfers from unregistered bank accounts will be refunded to the source
account within 5-7 days.
- Transaction Limit: The maximum limit for fund
transfer via Smart Collect is Rs. 30 Crore per transaction.
By following these guidelines, you can ensure that your
funds are accurately and promptly reflected in your 5paisa Demat account.
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