Account Opening

Link your savings bank account to your Punch trading account for secure transfers and withdrawals. Verify quickly via UPI or manually to start trading.

How do I link my bank account on Punch?

• As a first step, you will need to link your savings bank account to your trading account; this will be your primary account for transferring and withdrawing funds.

• Currently, Punch only supports savings bank accounts, not current bank accounts.

• During account opening, you'll be asked to link one bank account, but you can add a secondary bank account once your Punch account is activated.

Why do I need to link my bank account?

• Linking a bank account ensures that your trading funds can move between accounts securely.

• Verification via a penny-drop check confirms that your account is active and correctly set up.

How do I verify my bank account on Punch?

• Verification can be done via a penny drop where Punch either deposits or requests ₹1 from your account.

• You can choose between UPI verification, which takes about  30 seconds, or manual verification if you don’t have UPI, by entering your bank details.

Tips

• We recommend using UPI for faster, easier bank verification.
• Make sure to link your primary savings or salary account to ensure sufficient funds for trading.
• Consider adding a secondary bank account after your primary account is activated for extra flexibility.