/ /
How can I deposit funds into my trading account using Local Money Transfer in India?Learn how to deposit funds using Local Money Transfer (UPI) in India via the Axi Client Portal, including QR code payment steps, UPI reference ID requirements, minimum deposit limits, and processing timelines.
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 using Local Money Transfer:

  • Login to the Axi Client Portal.
  • Navigate to the “Funds” section on the left-hand menu and choose “Deposit”. 
  • Select the trading account you want to fund by clicking “Add Funds”.

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

  • Select “UPI” as your deposit method.

A screenshot of a computer AI-generated content may be incorrect.

  • Enter the amount you would like to deposit. 

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

  • Review your deposit details and click ‘Make Deposit’.

A screenshot of a computer AI-generated content may be incorrect.

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

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 gap or spaces and click “Save.” (A screenshot on the QR code page is not mandatory).

A screenshot of a qr code AI-generated content may be incorrect.

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. 

  • After clicking Save, stay on the loading page. A confirmation popup should appear within 2 minutes.

IMPORTANT! If the loading screen continues for longer than 2 minutes, do not refresh the page. Please wait for the system to capture the payment, which can take 5–15 minutes in some cases. 

  • Once successful, a notification will appear and the funds will be reflected in your the corresponding MT4/MT5/Axi account.

 

 

Was this article helpful?