Vault used to be a virtual bank account service provided to you in partnership with Yes Bank. This feature has been deprecated since 6th June, 2023 and all returns from Lease Finance and/or Inventory Financing investments are now directly transferred to your bank account. If you have any pending balance in your vault, please withdraw it immediately.
Your vault account still can:
1. Allow you to instantly withdraw any available funds to your registered bank account
2. Add money if there is any liability on you
Only in case of negative balance you can add money to your Vault. You can add via our online payment gateway partner using Netbanking & UPI. You also have the option to transfer funds via NEFT/RTGS/IMPS from their registered bank account to their Vault Virtual Account. Check your Virtual Account details here.
On receiving a withdrawal request, Vault will initiate a transfer to your registered bank account immediately using NEFT if the transaction amount is less than or equal to INR 10,00,000 and using RTGS if the transaction amount is higher. You can expect the withdrawal to be processed within 24 hours (except in the case of bank holidays)
Your capital is showing as nil on account of either of the following factors: