To set a default bank account for withdrawals on Angel One, log in to your Angel One account, go to the ‘Bank Accounts’ section under your profile, and select the bank account you want as default. Click on the option to set it as your primary account for withdrawals. This will ensure all your withdrawal amounts are transferred automatically to this bank account.

How to Add a Bank Account on Angel One?

First, ensure your bank account is linked to your Angel One profile. To add a new bank account, log in to your account, navigate to ‘Bank Accounts’ under your profile or settings, and select ‘Add Bank Account.’ Enter your bank details such as account number, IFSC code, and account holder name. Verify your bank account by following the instructions provided. Once verified, you can set it as your default withdrawal account.

Can I Change the Default Bank Account Later?

Yes, you can change your default bank account anytime. Just log in, go to the ‘Bank Accounts’ section, and select the new account you want to make your default. Click on ‘Set as Default’ to update your withdrawal preferences. This flexibility allows you to manage where your funds get credited without any hassle.

Why Set a Default Bank Account for Withdrawals?

Setting a default bank account simplifies the withdrawal process by automatically crediting your funds to the chosen account. It saves time and avoids confusion during withdrawal requests. Also, having a verified default bank account improves security and ensures faster processing of your payments from Angel One.

How Long Does It Take to Update Default Bank Account?

Usually, updating the default bank account is immediate after you save the changes in the Angel One portal or app. However, it may take some time for the changes to reflect fully in the system for withdrawal processing. It's always good to double-check your default bank account before making any withdrawal request.

What Should I Do If My Bank Account Is Not Verified?

If your bank account is not verified, you need to complete the verification process to set it as the default withdrawal account. Usually, Angel One will ask you to upload a canceled cheque or bank statement for verification. Make sure the documents are clear and match the bank details you entered. Once verified, you can set it as your default withdrawal account without any issues.