Dear WazirX Community,
Welcome to your crypto investment journey with WazirX! We're committed to providing you with seamless banking integration and INR deposit solutions. This guide walks you through the entire process with clarity and precision.
Why Banking Integration Matters on WazirX
Before trading cryptocurrencies, you'll need to:
- Complete KYC verification
- Link your Indian bank account
- Deposit INR through supported transfer methods
👉 Start trading crypto today after setting up your payment methods.
Step-by-Step Guide to Adding Your Bank Account
Prerequisites
- Verified WazirX account
- Active Indian bank account
- Valid government ID (for KYC)
Mobile App Instructions
- Navigate to Settings → Banking & Payment
- Select ADD A NEW PAYMENT OPTION
Enter accurate bank details including:
- Account holder name
- Account number
- IFSC code
- Bank branch
Web Platform Instructions
- Click your profile icon → Account Settings
- Select PAYMENT OPTIONS
- Choose BANK ACCOUNT and enter details
Verification Note: KYC must be completed before bank account verification (takes 1-2 business days).
Depositing INR to Your WazirX Wallet
Supported Transfer Methods
- IMPS (Instant)
- NEFT (1-2 hours)
- RTGS (Real-time)
Deposit Process
- Mobile: Tap Funds → INR → Deposit
- Web: Click FUNDS → Deposit INR
Choose transfer method:
- Instant Bank Transfer (recommended)
- Standard Deposit
👉 Learn advanced trading strategies after funding your account.
Key Operational Details
| Feature | Specification |
|---|---|
| Maximum Accounts | 5 per 30 days |
| Transfer Limits | Varies by bank |
| Deposit Fees | Currently 0% |
| Processing Time | 30min-3 hours |
Troubleshooting Common Issues
Deposit Failures May Occur When:
- Using unverified bank accounts
- Bank servers are offline
- Transferring via unsupported methods (UPI fails)
Pro Tip: Always use your registered bank account for transfers to avoid processing delays.
Frequently Asked Questions
Why is my bank account verification pending?
Verification typically takes 24-48 hours. Ensure your KYC is complete and details match exactly with bank records.
Can I use third-party bank accounts?
No. The bank account must be registered under your verified WazirX account name per RBI guidelines.
What are the deposit limits?
Limits vary by transfer method and bank policy. Check your bank's net banking portal for specific NEFT/RTGS/IMPS limits.
How long do failed deposits take to refund?
Typically 5-7 banking days. Contact support if funds aren't credited within this period.
Are there any hidden charges?
WazirX currently charges 0% deposit fees. Your bank may apply standard transfer charges.
Security Best Practices
- Never share banking credentials
- Use official WazirX channels only
- Enable 2FA for all transactions
Disclaimer: Cryptocurrency investments involve market risks. WazirX complies with all Indian regulations regarding crypto transactions. Banking services are subject to RBI guidelines and partner bank terms.
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