Vested users who send funds to their brokerage account from India using Vested banking partners on the application (Mobile or Web) save money compared to what they would end up paying if they did the transfer using the same banks directly. This is possible because we have negotiated a special discounted foreign currency exchange rate, which is a lot better than what your bank would charge you.

Secondly, each transfer from the bank is usually subjected to a ₹500 to ₹1500 in Fixed Fees, which with Vested is absolutely 0. Yes, you read it correctly, it’s ABSOLUTELY 0!

Another benefit is fund tracking, which is not possible with any bank in India. Vested provides real-time updates on the status of your funds, including whether the transfer has been approved by the bank. 

Lastly, you do not need to go through the lengthy process of logging into your banking account portal and initiating a transfer. Vested also helps you to save time by collecting all the information on your behalf by understanding with the bank what additional documents you might need and request and submit to the bank. This results in a lot of time-saving and efficient remittance of your money. 

Overall, the platform fee helps us manage all the operations needed for a smooth deposit process.