Using a Paytm Payments Bank account to open or fund a Zerodha account

Sat, 20 Jun 2026 00:00:00 +0000

A Paytm Payments Bank account cannot be used to open or fund a Zerodha account, because the Reserve Bank of India barred the bank from accepting fresh deposits and credits after 15 March 2024. Opening and funding a trading account both depend on money being able to flow into your bank account: bank verification confirms the account can receive a credit, and adding funds to Zerodha is itself a debit from your bank that the bank must be able to process and settle. An account that can no longer take credits fails the verification and cannot serve as the settlement account. The remedy is straightforward: link a normal bank account at any scheduled bank instead.

RBI Restriction on WebNotes

Using a Paytm Payments Bank account to open or fund a Zerodha account