Investing in US stocks from India has become incredibly popular, and INDmoney is one of the top platforms making it accessible. However, if you are setting up your US stock account for the first time, you might hit a minor roadblock: INDmoney only supports specific Indian banks for onboarding and international fund transfers.
To save you time during the setup process, we have compiled everything you need to know about supported banks and what to do if yours isn't one of them.
Supported Banks for INDmoney US Stocks
Currently, to seamlessly transfer funds and onboard for US stock investing, you must have an active account with one of the following supported banks:
- HDFC Bank
- ICICI Bank
- Axis Bank
- Federal Bank
- Kotak Mahindra Bank
- IDFC First Bank
If you already bank with any of the financial institutions listed above, you are good to go! You can link your account directly within the INDmoney app, complete your digital verification, and start transferring funds to buy fractional shares of your favorite US companies.
What If You Don't Have a Supported Bank Account?
If your primary bank is SBI, Punjab National Bank, or any other institution not on the supported list, don't worry—you don't need to visit a physical bank branch just to start investing.
INDmoney provides a built-in, hassle-free workaround. Right from within the app, they can help you open a Federal Bank account online at absolutely no cost.
The entire process is digital, paperless, and significantly faster than traditional account opening. Once your new Federal Bank account is active, you can seamlessly use it to route your funds into your INDmoney US stock portfolio.
Choose the Right INDmoney Referral Code
INDmoney has separate referral programs for US Stocks and Indian Stocks.
Since this guide is about US stock investing, if you want to open an INDmoney US Stocks account, check the latest referral code and benefits here:
View INDmoney US Stocks Referral Code
If you want to invest in Indian stocks through an INDmoney Demat & Trading Account, use the separate Indian Stocks referral offer:
View INDmoney Indian Stocks Referral Code
You can use INDmoney for both Indian and US investing, but the referral programs use different referral codes. Choose the referral page based on the investing service you want to start with.
