Knowledge Base

Q. How to add funds from my HDFC bank account?

Step 1: On the US stocks platform, tap the Funds icon on the top-right corner
Step 2: Tap on “Add Funds” and select HDFC 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 HDFC 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: Enter your HDFC Customer ID and click on Proceed.
Step 6: Enter the OTP you receive from HDFC Bank.
Step 7: Choose a mode from Net-Banking, Credit Card, or Debit Card for 2-Factor Authentication.
Step 8: On successful authentication, the bank exchanges your INR to USD and sends the amount to your Samco US stocks account.
Step 9: 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.

Note: If your HDFC Bank account is less than one year old, you will need to provide additional documentation.

Q. How to add funds from my Axis bank account?

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.

Q. How to add funds from my ICICI bank and Kotak bank account?

Step 1: On the US stocks platform, tap the Funds icon on the top-right corner.
Step 2: Tap on “Add Funds” and select ICICI Bank / Kotak Mahindra Bank from the list.
Step 3: First-time users need to link the account by adding details like customer name as per banking records, bank account number, and IFSC of the ICICI bank / Kotak Mahindra bank account on Samco app.
Step 4: After successful linking of the bank account, tap on ‘Download’ and a PDF containing detailed instructions on initiating the remittance will be downloaded on your device.
Step 5: Follow the steps outlined in the instruction manual and complete the process.

Q. How to add funds from any bank other than HDFC bank, Axis bank, ICICI bank and Kotak bank account?

To add funds from any bank other than HDFC, Axis, Kotak, and ICICI, you will have to visit the bank branch and initiate the process as directed in the instruction manual. In order to get the instruction manual, follow the below process.

Step 1: On the US stocks platform, tap the Funds icon in the top-right corner.
Step 2: Tap on “Add Funds” and select any bank from the offline support bank list through which you want to add funds.
Step 3: First-time users need to add details like customer name as per banking records, bank account number, and IFSC of the bank account on the Samco app.
Step 4: After successful linking of the bank account, tap on ‘Download’ and a PDF containing detailed instructions for initiating the remittance will be downloaded on your device.