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How to deposit funds using Local Money Transfer in India through the Axi Mobile App?
Updated 2 months ago

Note: This method is only available to residents of India.

Follow the steps below to deposit funds into your trading account in the Axi mobile app: 

  • Open the app and log in.
  • From the side taskbar, click “Deposit Funds” — you will see a page displaying your trading accounts and balances.
  • Select the trading account you want to fund. 

Important: If you have multiple trading accounts, ensure you choose the correct one. If a deposit is made into the wrong account and an additional transfer is required, processing delays occur.

  • Select “UPI” as your deposit method.

  • Enter the amount you would like to deposit.

Note: Ensure you meet the minimum deposit requirements. Depositing less than the minimum will prevent the transaction from completing.

  • Once you have read and agreed to the Terms and Conditions, click “Continue”.

  • Review your details on the next page and click “Make Deposit”.

  • A QR code will be displayed. Scan this using apps like Paytm, Google Pay, or PhonePe.

Note: The receiver’s name will appear as “Panday Enterprises”. This is the official registered UPI ID used by Axi and is safe to use for your transactions.

  • Once the payment is made, manually enter the payment reference ID (UPI reference number) in the “Enter Transaction ID / UTR No” field.
  • Important: Enter the ID without any gaps or spaces and click “Save”. (A screenshot on the QR code page is not mandatory).

IMPORTANT: Your deposit is auto-approved only if the Reference ID matches the one from the payment provider. If they do not match, your deposit may be delayed/failed. 

  • After clicking Save, you will receive a “Deposit Pending” notification; click “Continue”.

  • A confirmation popup should appear within 2 minutes, and funds will reflect in your MT4/MT5/Axi account.

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