- 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 Bank of India net banking account and follow these steps:
Links to download the mobile banking app:
App Store Link: https://apps.apple.com/in/app/boi-mobile/id1418877504
Play Store link: https://play.google.com/store/apps/details?id=com.boi.mpay
Bank of India:
Step 1: Log in to your Bank of India net banking account and click on ‘Fund Transfer’.
Step 2: Click on ‘Add Beneficiary' and Select 'IMPS - Account No + IFSC'.
Step 3: Click on ‘Other Bank Account’. 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 4: You will receive an OTP on your registered mobile number. Please enter the same to confirm the addition of the new beneficiary.
Step 5: It will take 30 minutes for the new beneficiary to be activated.
Step 6: Once the bank account is activated, please navigate to the ‘Fund Transfer’ option. Select your CoinSwitch unique user reference ID that you've added as a payee.
Step 7: Enter the amount you want to deposit and click on 'Transfer'.
Step 8: You will receive an OTP on your registered mobile number/email ID. Please enter the OTP to confirm the transaction.
Step 9: Once the transaction is processed, you’ll receive a confirmation via SMS.
Step 10: You’re now ready to buy, sell, and trade on CoinSwitch!