Adding Bank Account
Managing your bank details accurately is essential for seamless fund transfers in your trading journey. At Firstock, we’ve made it simple and secure to link or update your bank account using an entirely online process.
Whether you're adding a secondary bank account or updating your primary bank account, our system ensures smooth verification and regulatory compliance.
How to Link an Additional Bank Account
1. Log in to Firstock
- Visit the Firstock web app or open the Firstock mobile app.
2. Navigate to the Bank Details Section
- Go to ‘My Profile’.
- Click on ‘Bank Account’.
- Click on ‘Add/Update Bank’.
3. Enter New Bank Details
- Bank Account Number
- IFSC Code
4. Verification via Penny Drop or Reverse Penny Drop
- Firstock verifies the bank account using:
- Penny Drop (a ₹1 credit to validate ownership), or
- Reverse Penny Drop (fetches and confirms the account holder's name using the account number and IFSC).
5. If You Want to Make This the Primary Bank
- Select the option to mark the new account as your Primary Bank for fund withdrawals.
Review & E-sign the Bank Modification Form
- A Bank Modification Form will be auto-generated.
- Review all details.
- E-sign the form using Aadhaar-based OTP authentication.
After e-signing, your request will be processed within 24 working hours, with updated bank details synced across NSE, BSE, and CDSL, and confirmation sent via SMS or email once successfully linked or made primary.
