India
NRI
Answer: You can easily transfer cash via RTGS/NEFT using HDFC eCMS (Electronic Cash Management System) to rapidly increase your trading potential. This will help our 2in1 & non POA customers to get trading limit almost on a real time basis.
Q. Can 3-in-1 clients also benefit from this feature?
Answer: Absolutely, this feature is designed for both 2-in-1 and 3-in-1 clients. It offers a convenient alternative solution if the usual hold-mark process encounters any issues.
Q. What are the NEFT details for the account transfer?
Answer:Please note upi and imps transfer payments are not allowed on the account details given below.
| HDFC Bank Ltd |
| AXIS SECURITIES LTD |
| 00600340042024 |
| FORT, MUMBAI |
| Mumbai FORT |
| CURRENT |
| HDFC0000060 |
Q. Can I transfer funds from any bank account (Non Mapped) to activate the instant trading limits?
Answer: No, funds must be transferred from the linked primary bank account to the specified HDFC Bank account to activate instant trading limits.
Q. What happens if I transfer funds from a non-linked bank account?
Answer: Unknown funds will be returned to your bank account/s after EOD reconciliation.
Q. Can I use other bank accounts besides primary ones for fund transfers?
Answer: To ensure prompt activation of instant trading limits, we recommend you to use your linked primary bank account for fund transfers to the specified HDFC Bank account. Please note if the funds are transferred from a different account, which our system does not recognize, our team will initiate a refund.
Q. Can I obtain the trading limit in commodity and Equity segments?
Answer: Currently, this feature is available to get the limits for Equity, Futures and Options (Currency & Derivatives) only. We are in process to activate the feature for commodities trades.
Q. How long does it take for trading limits to be granted after the transfer?
Answer: Through eCMS pay, you get the limits close to real-time. Trading limits will be granted once the typical debit from the your account occurs, and the RBI settles the transfer into the beneficiary account. This timing is determined by the bulk settlement cycle of RBI for NEFT transactions. For RTGS, the settlement is instant, immediately activating the trading limits once the funds are credited to our bank account.
Q. Where will the limit be updated in FO? or Where can I view the limits/funds?
Answer: The trading limit will be updated in the ledger balance column in the front office for all the transactions done until 5PM. However, for post-EOD transactions tentative 5 p.m. onwards, it will be first updated in the ledger balance column and the same will be reflected in the bank hold column on the following day in the limit page.
Q. Why is it taking longer to add the limits through NEFT?
Answer: Trading limits will be granted once the typical debit from the client's account occurs and the RBI settles the transfer into the beneficiary account. So whenever you transfer funds through NEFT the amount is first credited in the Beneficiary’s account after it is debited from your account, once we get a confirmation we then add the limits to your account, this process in rare scenarios may a take a longer time than usual.
Q. Is IMPS transfer allowed for instant trading limits?
Answer: While IMPS transfers from certain banks are currently working, we recommend using NEFT or RTGS for transferring funds to activate instant trading limits. We are keeping an eye on IMPS functionality and will update you accordingly.
Q. What happens if I have multiple accounts linked with my bank account?
Answer: If one bank account is linked in multiple accounts, the limit will not be given through this process.
Q. Is there any cut off timing for the fund transfer?
Answer: No, there is no time limit for fund transfers or a certain cut off timing, you may transfer funds at any time, however, the transactions received after EOD, tentatively 5:00 p.m., will be evaluated the next day in the back office.
Q. Will the updated trading limits be visible during End of Day (EOD) and Start of Day (SOD) processes?
Answer: The updated trading limits will not be visible during EOD and SOD processes. However, please note that the limits are being updated in the background. You can still access and utilize the updated limits once the EOD and SOD processes are completed, tentatively 5:00 p.m. to 8 p.m.
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