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FAQs – PROCEDURE

1. What will I need to transfer funds through UPI system?

You will require:

> Any UPI app(likePayTM, BHIM, PhonePe, PayZapp (HDFC), BHIMAxisPay, EazyPay (ICICI) etc. installed on your smart phone). *

>VPAofyour account registered with R.W. (for transfer request from R. Wadiwala Web or App).

> Our VPAs (for transfer request from your PSP Apps or your Net Banking / Mobile App).

> Your MPIN (for approving your request for UPI fund transfer).

*Please click “View Demo” to view demo for procedure for installation and setting up PayTM App. Most of PSP appsfollow similar procedure. While installing the app your Debit Card Pin of the account linked to your trading account will be required.

You must quote below VPAs while placing a request throughyour PSP Apps or Net Banking / Mobile App.

Sr. 1
Segment Equity & Currency
R. Wadiwala VAP rwadi@hdfcbank
Sr. 2
Segment Commodity
R. Wadiwala VAP rwmcx@hdfcbank
Sr. 3
SegmentMutual Fund
R. Wadiwala VAP rwmf@hdfcbank

You can utilise any of the following alternatives for fund transfer.

>Execute Direct Transfer from your other UPI based payment PSP app – like BHIM. or Bank Net Banking or Mobile app with UPI based transfer facility. (Refer FAQ 4 for procedure)

>Collection Request (Refer FAQ 5 & 6 for procedure)
i. Submit from your R. Wadiwala Web log in or R. Wadiwala Mobile App Log in. or
ii. Request your relationship manager to submit request on your behalf.

In order to execute fund transfer through UPI system, net banking or mobile banking app of your bank, the apps must be enabled for the UPI system of fund transfer.

> Step 1 Install the PSP App or your bank Mobile App of your desire if you don’t have one.

> Step 2 Setup Segment wise R. Wadiwala Bank Accounts as registered payees in your App

> Step 3 Follow the procedure of your App to initiate the fund transfer request.

> Step 4 Insert the VPA of the R. Wadiwala Bank account of your desired segment

> Step 5 Follow the procedure of your App to complete the fund transfer request.

The funds shall be transferred instantly and the app will provide confirmation of successful transfer of funds. The same shall also be confirmed to you by SMS from R. Wadiwala.

Please follow the simple stepsas below once you log in to your web login

>Step 1 Go to“Manage” tab on your dash board

>Step 2 Select “Transfer Funds to R. Wadiwala” under “Manage Funds”

>Step 3 Select the desired Client code from the pop down menu

>Step 4 Select “UPI””and click“NEXT”

>Step 5 Select the desired Segment from the pop down menu

>Step 6 Insert your VPA (Virtual Payment Address) of UPI app

>Step 7 Insert theamount you desire to transfer

>Step 8 Check all the details again and Click on “Proceed To Pay” button.

>Step 9 R. Wadiwala System will send collection request to your PSP app

>Step 10 You will have to accept the request and approve it using your bank MPIN

The funds shall be transferred instantly and your app will provide confirmation of successful transfer of funds. The same shall also be confirmed to you by SMS from R. Wadiwala.

Please follow the simple steps as below once you log in to your Mobile App login.

>Step 1 Go to“Fund Request” tab on your dash board

> Step 1 Go to “Fund Request” tab on your dash board

> Step 2 Select “Deposit Funds”

> Step 3 Select the desired Client code from the pop down menu

> Step 4 Select “UPI””and press “NEXT”

> Step 5 You will be directed to “Transfer Fund (UPI)” menu

> Step 6 Select the desired Segment from the pop down menu

> Step 7 Select your desired Bank Account from the pop down menu

> Step 8 Insert your VPA (Virtual Payment Address) of your bank account

> Step 9 Insert the Amount you desire to transfer

> Step 10 Check all the details again and press “Proceed to Pay” button.

> Step 11 R. Wadiwala System will send collection request to your PSP app

> Step 12 You will have to accept the request and approve it using your bank MPIN

The funds shall be transferred instantly and your app will provide confirmation of successful transfer of funds. The same shall also be confirmed to you by SMS from R. Wadiwala.

FAQs – GENERAL INFORMATION

1. When will I get credit in my trading account and how soon the trading limit be updated?

If the fund transfer is executed from your registered bank account, your trading account and limits will be updated within ten minutes.

If you have transferred funds from an unlinked bank account which is in your name, we will have to complete the procedure of linking the new bank account to your trading account. This will be done by the end of the day. Therefore, you will be able to see the effect of the same only on the next working day.
Note:The name of firstholder in the new Bank Account and the name of the trading account holder should be same.

As per SEBI guidelines you must pay fund from yourbank account/s linked to your trading account only.Payments from bank account which is not in your name are considered as third party receipts and cannot be credited to your trading account.
If you have transferred funds from an un-linked bank account which is not in your name, the amount shall be refunded to your account from where the funds have been transferred and no credit shall be given to your trading account.

You can view the status of your requests from R. Wadiwala Back Office Web as well as Mobile App. You shall be simultaneously intimated by SMS (to your registered Mobile number) at every stage of your requests.
You can view the status of your last ten requests from R. Wadiwala Web App as well as Mobile App.

Unified Payments Interface (UPI) is a payment system, pioneered and developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI system allows you to instantly transfer money between bank accounts of any two parties.

UPI enables bank account holders (of banks participating in UPI) to send and receive money using a Virtual Payment Address (VPA) without entering additional bank information.
A VPA is a unique ID, which a user creates by linking their accounts to a bank's mobile application or any UPI based Payment Service Provider (PSP) App like Bharat Interface for Money (BHIM).
This address is linked to your mobile number and account number. Since it is not your actual payment address but act as the payment address (bank account details), it is called as the virtual payment address or VPA. Also known as UPI ID, the VPA resembles the email ID. For example, you can have a VPA as ram32@axis or shyam@SBI.

Mobile Personal Identification Number (MPIN) is a 4 digit number which will be generated online on successful registration for mobile banking. It works as a password when you perform any transaction using mobile. It is a 4 digit (6 digits in some banks) secret code similar to the ATM PIN.

The UPI system at present is the best and simplest option of instant fund payment for transactions up to Rs. 1,00,000.
Broad comparison is provided below for your understanding.

NEFT RTGS IMPS UPI
Transfer Limit No Limit Above Rs. 2 lakh Rs. 2 lakh per Day Rs. 1 lakh per Day
Beneficiary Registration Required Yes Yes Yes No
Information Required Bank A/c No., IFSC Code of bank of recipient Bank A/c No., IFSC Code of bank of recipient Bank A/c No., IFSC Code, MMID and mobile number of recipient VPA of recipient and MPIN
fund Transfer timing Generally on the same day on bank working days Real time, generally within 30 minutes on bank working days Instant, 24 x 7 Instant, 24 x 7
Cost as per amount of transfer (excluding taxes) Between Rs. 2.50 and Rs. 50depending on the value of amount Between Rs. 25 and Rs. 55 depending on the value of amount Between Rs. 5and Rs. 15 depending on the value of amount Rs 12 per transaction
What you need Internet connection Internet connection Internet connection Smartphone with internet connection
How many authentication details required Internet/mobile banking logins and OTP/transaction password Internet/mobile banking logins and OTP/transaction password Internet/mobile banking logins and OTP/transaction password UPI app login & M-PIN needed
USPs Commonly used platform Commonly used transition above Rs. 2 lakh Instant Transfer Don't need A/c No, and IFSC &Provide Instant Transfer
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