Yes. It is necessary that you open a bank account with our designated banks ICIC Bank, Citibank, HDFC Bank, AXIS Bank, Kotak Mahindra Bank, Indusind Bank, Federal Bank/ SBI Bank/ ING Vysya Bank. Faster credits, smooth flow of transactions and early commencement of trading are the advantages you will enjoy. You can transfer funds online and start trading. Further, if we have to make a payment to you, funds can be credited to your bank account directly.