Depositing funds to Vested brokerage account
How much time does it take for the funds to reflect in the Vested account?
It usually takes 1-3 business days (excluding Saturday-Sunday, non-business days) for the funds to reflect in your Vested account after your bank marks the transfer as complete. In case of delay, kindly share the SWIFT copy of the transaction at ...
How do I link my HDFC bank account to my Vested brokerage account?
Go to the ‘Transfer’ section and select Add funds. Choose HDFC Bank and enter your account details, IFSC code, and customer ID. Your HDFC bank account will get added to Vested.
Where can I find my HDFC bank customer ID?
You can find instructions on how to locate your HDFC bank customer ID here.
Can I remit from a newly opened HDFC bank account on Vested?
Yes, you can remit from a newly opened HDFC bank account. The only additional step you will be required to do is upload either a 12-month bank statement of your primary bank account or the latest financial year’s ITR Acknowledgement.
What are the benefits of funding via HDFC on Vested instead of its net banking portal?
Funding via HDFC on Vested has two key advantages: Simplified Process: The entire process is seamlessly integrated within the Vested platform, making it easier and more convenient to add funds. Lower Costs: This method incurs fewer charges compared ...
What should I do if my transaction is rejected?
If your transaction is rejected, please reach out to us at help@vestedfinance.co. Our team will assist you in resolving the issue.
How long does it take for the funds to be deposited into my Vested brokerage account after a transaction is approved?
Funds are typically deposited within 1-2 business days. If you do not see the deposit within this timeframe, please contact us at help@vestedfinance.co.
Can I make remittance from my Family member's/ Friends/ Colleague Bank account to my Vested Account?
Third-party transfers are not allowed on our platform. You can transfer from any bank account where you are the primary account holder.
Can I not transfer funds from my exisiting bank account?
Yes, you can transfer funds from your existing bank account. Vested supports fund transfers from various Indian banks, including ICICI, HDFC, IDFC, Kotak, Axis, SBI, IndusInd Bank etc. You are not required to open a new account with Axis Bank; you ...
Is it mandatory to open an account with Axis bank?
No, it is not mandatory to open an account with Axis Bank. You have the flexibility to use your existing account with any of the supported banks, such as ICICI, HDFC, IDFC, Kotak, SBI, IndusInd Bank, etc to facilitate fund transfers to your US ...
How to transfer USD from Axis Bank to Vested Brokerage account
Step 1: After logging in to your Vested account, click on Add Funds on the Transfer tab. See Figure 1. Figure 1: Click on Add Funds on the Transfer tab Step 2: If you have an existing Axis Bank account, click Yes under ‘Do you have an existing Axis ...
How to transfer USD from IDFC Bank to Vested Brokerage account
Step 1: Log in to the IDFC Net Banking portal Figure 1 Step 2: Select “Pay Abroad”. Figure 2 Step 3: Check the account from which you want to transfer funds and click on “New payment” Figure 3 Step 4: Enter the amount you want to transfer and click ...
Do I have to open a Bank Account in the US to fund the Vested account?
You do not need to open a bank account in the US to fund the Vested account. You can remit money from your existing local bank account. Your Indian/ local bank will convert the funds from INR to USD and then credit the USD to your US brokerage ...
Is there any minimum and maximum amount that I can transfer to my Vested account?
Under the Liberalised Remittance Scheme (LRS), Indian residents can freely remit up to USD 250,000 per financial year for current or capital account transactions, including investments, as outlined by the Reserve Bank of India (RBI) We do not impose ...
Can I add funds via a forex card?
As per RBI guidelines, to invest in the US, you need to process your remittance via an Authorised Dealer 1 entity only. Authorized Dealer 1 entities are typically banks. You need to initiate a transfer from your bank only.
Can I transfer funds via third-party transfers/Transferwise/Western Union?
You cannot transfer via Transferwise or other similar platforms. For Indian residents: As per the RBI's Liberalized Remittance Scheme guidelines, you need to transfer only via banks under the purpose code of S0001 (Indian portfolio investment abroad ...
My name on Vested is different from the name as per my bank account. Will this be a problem?
We would recommend you to have the name on your Vested account exactly as per the bank account name to avoid delays or issues during the fund transfer. To change your name on Vested as per your bank account name, please share a clear image/ PDF of ...
Is it legal to transfer funds from my ESOP/RSU account?
In 2022, the Ministry of Finance published updated Overseas Investment regulations. Under these regulations, it was clarified that any shares acquired or received under Employee Benefits Schemes (includes ESOPs/RSUs) are considered as Overseas ...
What are the benefits of transferring from brokerage accounts where we hold ESOPs/RSUs?
Here are a few reasons why investing ESOP/RSU proceeds abroad is beneficial: Diversify your wealth: As the underlying value of the ESOP grows, more and more of your wealth might end up concentrated in the stock of just one company. In order to create ...
Is this applicable after/before exercising the ESOPs?
This fund transfer method described above provides instructions on transferring funds once they become available after exercising the ESOPs.
Are there any RBI restrictions or income tax implications when moving dollars from a US broker to Vested, especially if these dollars were received as dividends?
You can move your dividend funds from a US broker to Vested without any RBI restrictions. Regarding income tax, transferring these funds and investing them does not create a taxable event. Tax obligations only arise when you sell an investment or ...
Can we transfer shares/stocks to Vested without selling?
Yes, you can transfer shares/stocks to Vested without selling. Please check which stock transfer method is available with your broker. Here are the available methods: ACATS (Automated Customer Account Transfer Service) - Requires a Letter of ...
How do I add funds from my HDFC bank account to my Vested brokerage account?
To add funds Go to the ‘Transfer’ section and select Add funds. Link your HDFC bank account by adding account details, IFSC code, and Customer ID. Enter the amount you want to transfer Verify the transaction by entering the OTP sent to your ...
What are the tax implications of ESOP/RSU transfers?
The tax implications are simple: based on the amount of time you have held these shares, you will be paying long-term or short-term capital gains tax upon the sale of your ESOPs. More details on this can be found in our taxation article here. Once ...
What are the charges associated with the funds transfer via RSU/ESOP/ESPP account?
Normally, the sender broker imposes a one-time wire transfer fee when you transfer the funds. This fee typically ranges from $25 to $65 per wire depending on the broker where you hold your RSU/ESOP/ESSPs.
What are the advantages of opening a bank account with Axis bank?
Opening a bank account with Axis Bank provides a seamless overall experience, including zero fixed fees, a fast online process via Vested, 10 USD as a bonus on first outward remittance made to your Vested account via this account and discounted ...
How to transfer USD from HDFC Bank to Vested Brokerage account?
Step 1: Log in to Your Vested Account Step 2: Navigate to the Transfer tab and select Add Funds. Step 2: Choose HDFC Bank from the list of supported Indian banks. Step 3: Enter Your HDFC Bank Details and Customer ID. Your Customer ID is a unique ...
How do I change/switch my bank on Vested for fund transfers?
We do not link your bank to the platform. Hence, you can change your bank anytime by selecting a bank under the Transfer tab > Select the bank of your choice and continue your remittance journey.
Can I add funds via UPI?
Unfortunately, adding funds via UPI is not supported for LRS transactions. However, you can conveniently add funds through bank transfers. Most banks in India offer seamless integration for adding funds, making it a reliable and secure option. To add ...
Can I transfer funds if I don't have netbanking with my Bank?
Yes, you can transfer funds even without net banking. Visit your bank to obtain an A2 and declaration form for remitting funds to your US brokerage account using the purpose code S0001. Alternatively, in the Vested app, click on the "Transfer" tab, ...
Can I transfer funds from my ESOP/RSU account?
Yes, you can transfer funds from your ESOP/RSU account to Vested. Here’s how: Complete your KYC to open a Vested US brokerage account. In the Vested app, go to 'Transfer,' and select 'ESOP/RSU'. Find your broker (e.g., Fidelity, Morgan Stanley, ...
How do I transfer funds from an Indian Bank account to my US Brokerage Account?
Log in to your Vested account and follow these steps: Click on the "Transfer" tab. Choose the Indian Bank option. Select from the list of supported banks, such as ICICI, HDFC, IDFC, Kotak, Axis, SBI, and IndusInd Bank, as they offer an online ...
How to transfer funds from Axis bank to my US Brokerage Account at Vested?
Click on the "Transfer" tab. Choose the Axis Bank account option. If you already have an existing Axis Bank account, you can use it to initiate the remittance. Alternatively, you can open an Axis Bank account through Vested. You will be redirected to ...
Can I transfer funds via my Gift City account?
Yes, you can transfer funds from your Gift City account if you are the primary account holder in that account. You can find the beneficiary bank details on the platform under US stocks > Transfer > US and International Banks. Feel free to email us at ...
Can I transfer funds from my ESOP/RSU account?
Yes, you can transfer funds from your ESOP/RSU account to Vested. Here’s how: Complete your KYC to open a Vested US brokerage account. In the Vested app, go to 'Transfer,' and select 'ESOP/RSU'. Find your broker (e.g., Fidelity, Morgan Stanley, ...