Normally, to trade, you need to transfer funds from your savings account to your Upstox Trading account. When you do that, you miss the chance to earn interest on the transferred amount, since it stays in your Upstox Trading account. Smart Transfer resolves this issue by allowing you to allocate an amount for trading without having to transfer it physically. It thus saves you both your interest and time.

Let us help you understand this with an example: Suppose you have ₹10,00,000 in your IndusInd Bank Savings account and you want to execute a trade worth ₹4,00,000. Unlike a typical situation (where you fund your Upstox Trading account via your Savings account), with Smart Transfer, you simply allocate the ₹4,00,000 towards trading. The best part is that till the time this fund is unused, it continues to attract interest, along with the remaining ₹6,00,000.


Note- Smart Transfer has been discontinued in the Upstox platform.