Knowledge Base

Step 1: On the US stocks platform, tap the Funds icon on the top-right corner.

Step 2: Tap on “Add Funds” and select Axis Bank from the list.

Step 3: First-time users need to link the bank account by adding details like customer name as per banking records, bank account number, and IFSC of the Axis bank account on the Samco app.

Step 4: After successfully linking the bank account, enter the amount you want to transfer and check the dollar value you will get against this amount.

Step 5: Login to your Axis Bank’s net banking portal using the login credentials. Click on Proceed.

Step 6: Enter the OTP you receive from Axis Bank.

Step 7: Enter details of ‘Remitter Name’ and ‘Source of Funds’. Accept the T&C and tap on proceed.

Step 8: Review the final payment form, which contains all the details of the USD-INR conversion, and tap on continue.

Step 9: Accept the bank’s terms and conditions and tap on Proceed

Step 10: Enter the OTP you receive from Axis Bank.

Step 11: You are all set! The amount will be credited to your US stocks wallet within T+1 working days if the funds transfer process is completed before 1:30 PM IST, else expect USD to be credited by T+2 working days.