6 minute read
How to Deposit Money in Binomo Through UPI
from Binomo
Depositing money into your Binomo account through UPI (Unified Payments Interface) is one of the fastest, safest, and most convenient methods available for Indian traders. Whether you’re using Google Pay, PhonePe, Paytm, or BHIM, UPI allows instant and hassle-free deposits directly from your bank account to your Binomo trading wallet.
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If you’ve been wondering how to deposit money in Binomo using UPI, this article will walk you through the entire process step-by-step, explain the requirements, transaction time, minimum deposit amount, and give you helpful tips to ensure your payment goes through successfully.
1. Quick Answer: How to Deposit Money in Binomo Through UPI
The fastest way to deposit funds in Binomo using UPI is:
1. Log in to your Binomo account.
2. Go to the “Deposit” section on the platform.
3. Choose UPI as your payment option.
4. Enter the amount you wish to deposit.
5. Type your UPI ID (the one linked to your bank account).
6. Approve the payment on your UPI app (Google Pay, PhonePe, or Paytm).
7. Wait a few seconds — the money will appear in your Binomo balance almost instantly.
That’s all it takes! But if you’re depositing for the first time, keep reading for a more detailed walkthrough.
2. What You Need Before Making a UPI Deposit
Before you can use UPI on Binomo, make sure the following requirements are met:
· A verified Binomo account: Your email and phone number must be verified.
· A UPI-enabled bank account: Linked to apps like Google Pay, PhonePe, Paytm, or BHIM.
· Sufficient balance: Ensure you have enough money in your bank account.
· Active internet connection: For real-time payment confirmation.
· Correct UPI ID: Double-check the spelling — even a small typo can cause transaction failure.
3. Step-by-Step Guide to Deposit Money in Binomo Using UPI
Let’s go through the entire process clearly so you don’t face any issues:
Step 1: Log in to Your Binomo Account
Visit the official Binomo website. Log in using your registered email and password.
Step 2: Open the Deposit Page
Click the “Deposit” button on the top right corner of the screen. You’ll be redirected to the deposit methods section.
Step 3: Choose UPI as the Payment Method
From the list of available payment options, select “UPI”. Binomo supports all major UPI apps including Google Pay, PhonePe, Paytm, and BHIM.
Step 4: Enter the Amount You Want to Deposit
Type in the deposit amount in INR. The minimum deposit on Binomo via UPI is usually ₹350 (though it may vary slightly depending on promotions or account type).
Step 5: Fill in Your UPI ID
Enter your UPI ID carefully. It usually looks like this:
· example@oksbi
· username@okhdfcbank
· mobile@paytm
Make sure the UPI ID belongs to you and is linked to your bank account.
Step 6: Approve the Payment
Once you click “Deposit”, a request will be sent to your UPI app.
· Open your UPI app (Google Pay, PhonePe, etc.).
· Check the payment request from Binomo’s payment partner.
· Confirm the transaction and enter your UPI PIN to complete the payment.
Step 7: Wait for Confirmation
After you approve the transaction, the system will process your deposit instantly.In most cases, the money appears in your Binomo account within 1–3 minutes.You’ll also receive a confirmation message from both Binomo and your UPI app.
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4. Minimum Deposit Amount on Binomo via UPI
The minimum deposit on Binomo when using UPI is typically ₹350.However, if you’re using certain promotions or bonuses, the minimum may vary slightly.
For example:
· Standard accounts: ₹350 minimum deposit.
· Gold accounts: higher minimum (around ₹1,000).
· VIP accounts: starts from ₹50,000.
The good news is — even small deposits via UPI are accepted, making it perfect for beginners who want to start trading with a low budget.
5. Deposit Processing Time
One of the biggest advantages of using UPI is speed.UPI deposits on Binomo are processed instantly, and your funds usually appear within seconds after confirming payment.
However, in rare cases, it may take up to 30 minutes if the UPI network is busy or your bank is experiencing delays.
If your deposit doesn’t show up after one hour, contact Binomo Support and provide:
· Screenshot of your UPI transaction.
· Your Binomo account email.
· Transaction ID from your UPI app.
6. Are There Any Fees for Depositing Through UPI?
No. Binomo does not charge any fees for UPI deposits.However, your bank or UPI service provider might occasionally charge a very small transaction fee (usually under ₹3).
So if you deposit ₹1,000, you’ll still receive the full amount in your Binomo balance.
7. Why UPI Is the Best Option for Depositing in Binomo
There are many reasons why Indian traders prefer UPI over cards or e-wallets:
· Instant processing: No waiting time — funds reflect immediately.
· No extra charges: Completely free or almost free.
· Secure and regulated: UPI is backed by the National Payments Corporation of India (NPCI).
· No card details needed: Payments are made directly through your UPI ID.
· Widely accepted: Works with all major Indian banks and apps.
These advantages make UPI the most reliable and convenient payment method for Binomo users in India.
8. Common Problems and How to Fix Them
If your UPI deposit fails or doesn’t reflect in your account, here’s what you can do:
· Check your internet connection: Weak connections can interrupt transactions.
· Verify UPI ID: A small mistake in your ID can cause payment failure.
· Ensure sufficient balance: Confirm your bank account has enough funds.
· Wait for a few minutes: Sometimes UPI networks face short delays.
· Contact Binomo Support: Use the live chat or email with transaction details.
Remember, Binomo always ensures user funds are safe — even if a transaction is delayed, your money won’t be lost.
9. Tips for Successful UPI Deposits on Binomo
To make your deposits faster and smoother:
· Use popular UPI apps like Google Pay or PhonePe for reliability.
· Deposit during regular banking hours (9 AM – 9 PM) for instant confirmation.
· Avoid using multiple UPI IDs for one Binomo account.
· Always save your transaction ID after payment.
· Keep your Binomo and UPI app updated to the latest version.
Following these small steps helps ensure your deposits go through without errors.
10. Conclusion
Depositing money in Binomo through UPI is quick, secure, and beginner-friendly.All you need is a verified account, a UPI-enabled bank app, and a few seconds to confirm the payment.
Just follow these steps:
· Log in to Binomo → Go to Deposit → Choose UPI → Enter amount → Approve payment → Start trading!
You’ll receive your funds almost instantly and can begin trading right away.With no fees, instant transfers, and full security, UPI is the best way to deposit money in Binomo in India.
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