- Click on ‘Deposit INR’ on the Home page of your CoinSwitch app.
2. Enter the amount you’d like to deposit (you can deposit between INR 100 and INR 50,00,000). Click on 'DEPOSIT'.
3. Select ‘Bank Transfer’.
4. Note down your unique user reference ID details displayed on the screen which include Beneficiary Name, Bank Name, Account Number, IFSC code, and Account Type. These details are to be added as a beneficiary in your bank account to proceed with the bank transfer.
5. Then, log in to your Punjab National Bank net banking account and follow these steps:
Links to download the mobile banking app:
App Store Link: https://apps.apple.com/in/app/pnb-mobile-banking/id1145017763
Play Store link: https://play.google.com/store/apps/details?id=com.Version1
Web link/URL: https://www.pnbindia.in/retail-Internet-banking.html
Punjab National Bank:
Step 1: Log in to your Punjab National Bank net banking account and click on ‘Add Payee’.
Step 2: Click on ‘OTHER’.Enter the new payee account details, that is, the unique user reference ID details you noted down earlier from your CoinSwitch app. Double-check the details you've entered.
Step 3: You will receive an OTP on your registered mobile number. Please enter the OTP to confirm the addition of the new beneficiary/payee.
Step 4: It will take 30 minutes for the new beneficiary to be activated.
Step 5: Once the beneficiary is activated, please navigate to the ‘My Payees’ option. Select your CoinSwitch unique user reference ID that you've added as a beneficiary.
Step 6: Enter the amount you want to deposit and click on 'Transfer'.
Step 7: You will receive an OTP on your registered mobile number/email ID. Please enter the OTP to confirm the transaction.
Step 8: Once the transaction is processed, you’ll receive a confirmation via SMS.
Step 9: You’re now ready to buy, sell, and trade on CoinSwitch!