Unified Payments Interface (UPI) is an inter-bank payment system in India that allows you to make a deposit to your FXTM account in your local currency and receive a withdrawal in the same currency into your UPI account.
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Currency: |
INR |
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Fees / Commission: |
No commission |
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Processing time: |
1 business day |
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Minimum amount per transaction: |
₹5,000 |
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Maximum amount per transaction: |
₹70,000 |
A flat $3 commission will be charged for any deposit or withdrawal below $30 or equivalent. However, deposits or withdrawals equal to or exceeding $30 will not be subject to this fee. More information here: Low transaction fee: 3$ commission on transactions below 30$
Note:
- Deposits made through UPI transfer can be withdrawn using NetBanking IMPS.
Steps to deposit with UPI Transfer India
- Log in to your MyFXTM dashboard and navigate to 'My Money' > 'Deposit Funds' > 'UPI Transfers India'.
- Select the trading account or wallet you wish to deposit funds into and enter the amount.
- Enter your UPI account address.
- Click on the 'Confirm' button and you'll be redirected to the payment provider's page.
- You can change language in the top right corner.
- Select payment system UPI and click confirm.
- Make a transfer to the generated UPI account details within 45 minutes. The amount must be for the exact amount you entered on your MyFXTM dashboard.
- Attach the payment confirmation screenshot.
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.
- 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.
Related Articles:
- General deposit guidelines
- Are my deposits subject to conversion rate?
- I made a deposit but it's not showing in my trading account
- How to deposit with Netbanking IMPS