Local Online Banking is an instant interbank electronic fund transfer service that allows you to fund your account in local currency (INR).
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Currency: |
INR |
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Fees / Commission: |
No commission |
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Processing Time: |
24 hours |
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Minimum amount per transaction: |
₹5,000 |
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Maximum amount per transaction: |
₹100,000 |
Note: Please refer to your MyFXTM dashboard for the most up-to-date information about deposit limits.
Steps to deposit with local online banking in India
- Log in to your MyFXTM dashboard and navigate to 'My Money' > 'Deposit Funds' > 'Local Online Banking'.
- Select the trading account or wallet you'd like to deposit funds into.
- Enter the deposit amount in either INR or your trading account currency (USD, EUR, GBP).
- Enter your bank account number.
- Click the 'Confirm' button, and then 'Proceed' to get redirected to the payment provider's page.
- Make a transfer to the generated account details, exactly the same amount you have entered before on the deposit form in your MyFXTM dashboard.
- Enter the correct UTR / Reference No./ Transaction ID on the pop-up window.
- Click 'Submit' to complete the deposit transaction.
Important:
- It's strictly forbidden to write in-app messages when sending money. Payment execution won't be guaranteed.
- The transfer amount should be exactly the same as on the application form (MyFXTM dashboard) with all decimal places. No crediting of underpaid or overpaid funds will be made.
- Funds are sent by intrabank transfer or according to the rules of the selected payment system. For bank transfers, the funds must be sent from the bank selected in the order.
- Never use previously generated account details again. Each transfer requires new account details.
- We don't accept payments from third parties. The bank account needs to be in your name.