5Paisa Bank List

5Paisa is a leading discount stock broker in India and provides a reasonable proposition to its clients. For the users who have recently opened their trading account with the broker or that are already its clients, they need to transfer funds into the account in order to trade in the share market. And that is why they would want to refer the 5Paisa bank list.

If you are looking to add funds to your account, you will need a bank account to get started. No transaction is done in cash and you are advised to use only banking transactions for any sort of payments.

5Paisa Bank List Details

Here is the 5Paisa bank list that its payment transfer system works with, as of now:

• Andhra Bank
• Axis Bank
• Bharat Co-operative Bank Mumbai Limited
• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Catholic Syrian Bank
• City Union Bank Limited
• Canara Bank
• Central Bank Of India
• Corporation Bank
• Dhanlaxmi Bank
• Deutsche Bank
• DCB Bank Limited
• Dena Bank
• Development Bank of Singapore
• Federal Bank
• G P Parsik Bank
• HDFC Bank
• ICICI Bank
• IDBI Bank
• IDFC Bank Limited
• Indian Overseas Bank
• IndusInd Bank
• Indian Bank
• Jammu & Kashmir Bank Limited
• Janata Sahakari Bank Limited
• Karnataka Bank Limited
• Karur Vysya Bank
• Kotak Mahindra Bank
• IndusInd Bank
• Lakshmi Vilas Bank
• Oriental Bank of Commerce
• Punjab and Sind Bank
• Punjab National Bank
• RBL Bank Limited
• South Indian Bank
• State bank of India
• Saraswat Co-operative Bank Limited
• Tamil Nadu Mercantile Bank
• The Cosmos Co-operative Bank Limited
• The Shamrao Vithal Co-operative Bank Limited
• UCO Bank
• Union Bank Of India
• United Bank of India
• Vijaya Bank
• Yes Bank

In total, 5Paisa Bank List has a total of 44 banks. Although the broker has a set-up with most of the prominent banks of the country (as listed above), still there is room to add more banks in order to increase customer convenience.

Nonetheless, it has been observed that the discount broker has been aggressive in adding new banks to its overall list and most likely this list will have new names going ahead.

At the same time, if you are looking to quickly transfer the account opening charges or the AMC, you can also use Paytm for that particular transaction.

However, as far as transferring the trading amount is concerned, that can be done using direct bank transfer, NEFT or IMPS from banks in the above-mentioned list only.

---

5Paisa Fund Transfer

5Paisa fund transfers can be done through various modes including IMPS, RTGS, NEFT etc.

You have to make sure that the bank account that you are using must be the one that you have registered with the broker.

In order to transfer funds, you need to add the account details (discussed below) as a Current account using your bank’s netbanking system.

Once the beneficiary is added, you can go ahead and make the fund transfer using any of the modes. However, based on the mode selected, the transfer process between the accounts will take time accordingly.

For instance, IMPS transfers happen instantly while NEFT may take a few minutes or hours.

---

5Paisa UPI Payment

5Paisa allows UPI payment transfer method. However, the maximum amount that you can transfer with this mode is ₹1 Lakh.

In order to perform the UPI transfer, you need to select whether the transfer is for your Equity or your Mutual funds’ account. Then, you need to mention the amount you are looking to transfer.

Furthermore, you need to validate your bank account before adding your UPI id on the screen.

Lastly, add any remarks for your future reference and click on Pay.

This will be followed by a quick OTP verification with your UPI registered mobile number. Post confirming, the amount will be transferred to your 5Paisa trading account.

---

5Paisa Bank Account Number

If you are looking to transfer funds into your 5Paisa trading account, here are the Yes Bank account details you can use:

At the same time, if you investing in Mutual funds, then you need to use the following Yes Bank account:

---

How to Change Bank Account in 5Paisa?

If you are looking to update your bank account details in your 5Paisa account, you need to get in touch with the 5Paisa customer care team.

You will be required to provide bank proof/statement and most likely email to the support team of the broker.

With a turnaround of 24-48 hours, your bank account details will be updated in the system.

In case you are looking to get started with share market trading or need assistance in taking steps ahead – We are here to help!

 

---

More on 5Paisa

Apart from 5Paisa Bank list, in case you are interested to know more about this discount broker, here are a few reference articles for you: