Changing the main bank account: A guide

To modify their primary bank account online, individual account holders and NRO Non-PIS clients should follow these steps:

1. Access the Zerodha console by logging in through this link: [console.zerodha.com](MY_REDIRECT_PREFIX)https://console.zerodha.com/

2. Navigate to the "Account" section.

3. Click on "Bank."

4. Locate and click on the "Modify bank account" icon.

5. Enter the new account number and IFSC.

6. Agree to the terms and conditions.

7. Proceed to e-sign and click on "Sign now."

8. Select the checkbox, enter your Aadhaar number, and click on "Send OTP."

9. Enter the OTP received on your mobile number and click on "Verify OTP."

10. A test transfer will be initiated to your new primary bank account for verification. If the verification fails, you will receive an email explaining the situation, and you should follow the offline process.

If the primary holder of both the bank and demat accounts is the same, clients can add a joint bank account as the primary bank account. If they are different, they need to courier the account modification form (PDF) and the bank proof to Zerodha.

The following account holders must follow the offline process and courier the necessary documents to change their primary bank account:

- An individual account without a linked mobile number or email ID to Aadhaar: Courier the account modification form (PDF) and the bank proof to Zerodha.

- An individual account linked to a proprietorship bank account: Courier the account modification form (PDF), banker's letter (PDF), and bank proof to Zerodha.

- Joint Zerodha account: Courier the account modification form (PDF) and the bank proof to Zerodha.

- NRE and NRO -PIS account: Courier the account modification form (PDF) and the bank proof to Zerodha.

- Non-individual accounts (HUF, Corporate, Partnership, Limited liability partnership, AOP, Trust): Courier the account modification form (PDF) and the bank proof, signed by the authorized signatory, to Zerodha. Make sure the signature on the documents matches the signature in the account. To check the existing signature proof in the account, refer to the article "Where can the submitted documents be checked while opening an account?"

Courier the documents to the following address:

Zerodha, 153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru - 560078

The new primary bank account will be linked within 48 hours, and Zerodha will send a confirmation email. Changing the primary bank account incurs a charge of ₹25 GST. The trading account can have a maximum of three linked bank accounts - one primary bank account and two secondary bank accounts.

Notes:

1. Bankproof can be any of the following:

- Personalized cancelled cheque with the name printed on the cheque leaf.

- Self-attested bank statement with the IFSC and MICR clearly visible.

- Self-attested bank passbook.