Due to compliance regulations, Upstox can only accept payments from your registered bank account. When you attempt to make a payment directly from a payment service provider (PSP) app to the Upstox UPI ID or bank account, it becomes challenging for us to verify the bank account. This is because, in such cases, we only receive your UPI ID, and not the bank account details. As a result, UPI payments made directly from PSP apps are not allowed.
How to Add Funds via UPI:
1: Log in to the Upstox app using your 6-digit pin or biometric authentication.
2: Tap on the ‘Account’ tab.
3: Select ‘Add Funds’ under the required trading account.
4: Enter the amount and choose ‘UPI’ as your payment method.
5: You will receive a payment request in your PSP app. Once you accept the request, the amount will be credited to your trading account instantly.
For more information, refer to the article on different ways to transfer funds.
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How can I add funds to my Upstox account?