You asked, and we have delivered!
We’re happy to share that UPI is now available as a deposit option on our platform.
As one of India’s oldest and most trusted crypto exchanges, we remain committed to evolving with your needs. This new deposit method, shaped by your suggestions, offers a faster and more seamless way to fund your ZebPay wallet.
How to deposit using UPI?
1) Tap on “Deposit” on the portfolio screen, and then tap on “UPI Deposit”.
2.a) If you have enabled the “Instant Deposit” deposit option, you will receive the following ‘Attention’ button that you need to acknowledge and accept, if you agree to the same. It says, “Once you enable the UPI deposit option, you will no longer be able to send crypto assets permanently. This change is irreversible once confirmed.”
As soon as you click on “Create UPI ID”, it will be created as quick as 5-10 mins.
2.b) If you have not enabled the “Instant Deposit” deposit option, you will be directed to the deposit amount page.
3) After reaching the deposit screen, you may enter the amount you wish to deposit and click on “Continue to pay”.
The minimum amount is INR 200 and maximum is INR 100K, using this deposit method.
4) After clicking on “Continue to pay”, a summary showing the amount you wish to deposit, applicable fees, GST and amount credited will appear on the screen.
5) You may then opt for the available UPI app. The options available on your ZebPay app will be:
Google Pay
PhonePe
Paytm
Cred
Please read the note carefully and make sure to use the UPI option linked to your registered bank account only.
Important: The next screen will show the various UPI options. You can select the option linked to your registered bank account and proceed.
UPI deposits made via an unregistered/joint bank account will be refunded to the source account in 7-10 business days.
6) You shall then be directed to the UPI app to make the transfer.
7) Once the transfer is made, it will be credited to your ZebPay in less than 5 mins.
You will also receive an email confirming the amount is credited to your ZebPay Wallet.
IMPORTANT:
We only accept deposits from your registered bank account. Deposits made via unregistered / Joint bank accounts will be refunded to the remitting account number within 7-10 business days. A penalty of INR 100 will be imposed for such transfers.
The images shown are for illustration purposes only. The actual fees and limits may vary due to regular revisions. Please visit our Fees and Limits page to see the current fees and limits.
Deposits from NRE / NRO / NRI and Joint bank accounts are not allowed as per statutory guidelines and may result in loss of funds.
UPI deposits will be credited as per banking norms.
All our fees are exclusive of GST.
FAQs
1. Are UPI deposits on ZebPay instant?
Ans) Yes, UPI deposits on ZebPay are processed in less than 5 mins.
2. Is there a minimum or maximum limit for UPI deposits on ZebPay?
Ans) Yes, the minimum is INR 200 and the maximum per transaction is INR 1,00,000
3. Can I use any UPI app to deposit funds on ZebPay?
Ans) As of now, you can use Google Pay, PhonePe, Cred & Paytm to make deposits using this deposit method.
4. Can I withdraw crypto after enabling this deposit option?
Ans) If you have already opted for "Instant deposit", and then chose the UPI deposit option, your crypto withdrawal will be permanently disabled upon activation of this deposit method, as per the terms you agreed to when enabling this feature.