Short answer

You can add money to your Arrow account using a cheque for free. Your account will be updated once the cheque clears, which can take up to 5 working days.

Steps to deposit a cheque

Write iRage Broking Services LLP as the payee on your cheque.

Write your Arrow user ID on the back of the cheque.

Courier the cheque to:

iRage Customer Support Centre 192A 4th Floor, Kalyani Vista 3rd Main Road, JP Nagar 4th Phase Bengaluru, 560076

If you deposit at an HDFC branch

If you deposit the cheque directly at any HDFC branch, create a ticket and attach a scanned copy of the cheque or your debited bank statement that includes your bank account number. You need to provide this to verify that you transferred the amount from your bank account linked with Arrow, since iRage does not receive the sender’s bank account details.

If the bank asks you to mention iRage’s account number at the back of the cheque, you can write: 57500000302010.

Things to keep in mind

You will be charged up to ₹350 + 18% GST if your cheque bounces

iRage will only accept money transferred from your linked bank accounts. You can link more than one bank account with Arrow. To see your linked bank accounts, visit app.arrow.trade/account/bank

You can transfer money instantly to your Arrow account using UPI, payment gateway, and IMPS/NEFT/RTGS.