Investment via Debit Card

[hellobois]

Is there any way to invest in stocks, gold, P2P, Mutual Funds via debit card.
Most of these investment tools allow net banking and UPI.
Please share any app or website which allows investment via debit card.
Thanks 👍

 

[Tejo]

Is there any way to invest in stocks, gold, P2P, Mutual Funds via debit card.
Most of these investment tools allow net banking and UPI.
Please share any app or website which allows investment via debit card.
Thanks 👍

Check Navi app

 

[Avid_snake]

Is there any way to invest in stocks, gold, P2P, Mutual Funds via debit card.
Most of these investment tools allow net banking and UPI.
Please share any app or website which allows investment via debit card.
Thanks 👍

Isn't investing via debit card same as netbanking or UPI. What advantages are there just by using debit card

 

[ak93]

Isn't investing via debit card same as netbanking or UPI. What advantages are there just by using debit card

Some debit cards give cashback.

 

[Tejo]

Isn't investing via debit card same as netbanking or UPI. What advantages are there just by using debit card

If u use debit card, you can get reward points

 

[CC-Muncher]

As per SEBI 👇

No, it is not possible to invest using credit/debit card.

SEBI rules say the investments should be made through verified bank accounts only. It is not possible to verify bank accounts when investments are made using a credit/debit card.

You can use the following options:

1. UPI apps (Google Pay, PhonePe, BHIM, etc)
2. Net banking
3. NEFT/RTGS/IMPS

 

[Tejo]

As per SEBI 👇

In mutual funds we can invest with dc.

 

[CC-Muncher]

In mutual funds we can invest with dc.

which app is allowing? and does it work for auto-debit SIP's?

 

[Tejo]

Navi mutual funds

 

[Dhruvkumar]

Navi mutual funds

Dude Navi app doesn't support debit card only UPI and net banking

 

[Tejo]

Dude Navi app doesn't support debit card only UPI and net banking

Due to the strict rules of rbi, they removed I think.

Rbi says, only upi, neft, imps, netbanking just to prevent money laundering as we can't aware from where the money is coming, will be burden for AMC if any issue occur.

I think in internet banking login some banks are allowing to invest in mutual funds via debit card.
Once check in hdfc, kotak, indusind if you have direct mutual fund ac linked in the netbanking.

 

[kishorvr]

It is impossible to do before card transactions on mutual fund apps and internet portals. Haven't tried Navi as people here have mentioned. Maybe fill wallets and pay mutual funds through wallets?

 

[iamdhamo]

It seems possible

You can now invest in mutual funds using Visa debit cards

This initiative is live with leading fund houses and distributors and investors can invest in lumpsum or start SIPs using their Visa debit cards.

www.google.com

 

[iamdhamo]

It seems possible

You can now invest in mutual funds using Visa debit cards

This initiative is live with leading fund houses and distributors and investors can invest in lumpsum or start SIPs using their Visa debit cards.

www.google.com

@ashwink can this be marked as solution

 

[hellobois]

we need actual confirmation

@ashwink can this be marked as solution

 

[iamdhamo]

we need actual confirmation

From whom you need it

 

[hellobois]

From whom you need it

Those who have used it

 

[Rishabh]

Bank verifications are happening now via Debit Cards like for e-NACH registration across loan accounts lenders providing option to verify bank via Debit card option.
So I expect soon MF investments via Debit card will be enabled across different portals.

 

[sindhi]

Is there any way to invest in stocks, gold, P2P, Mutual Funds via debit card.
Most of these investment tools allow net banking and UPI.
Please share any app or website which allows investment via debit card.
Thanks 👍

Would like to know as well, faced few problem recently due to p2p