Bitcoin Forum

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?

Update
ZebPay - Axis, HDFC, ICICI, Yes Bank, Central Bank of India, Bandhan Bank
Unocoin - State Bank of Mysore, DBS, HDFC and Kotak Mahindra
Coinsecure - Axis, HDFC and Yes Bank
BTCxIndia - ?
Bitxoxo - ICICI, HDFC, Yes Bank and Axis.
PocketBits - ?
Coinome - ?
Coindelta - ?
Koinex - ?
Wazirx - ?

I dont know about others but Zebpay is using Axis and Hdfc banks but what difference does it make that which bank they use.You can send funds from any bank and withdraw funds to any bank in India.

You can also use ICICI bank as well. They were the first bank in India to test the blockchain technology couple of months ago and successfully tested it also. After that there were other few banks who have started and done testing.

Any of specified bank their customer prefers to use. If customer prefers HDFC then HDFC or if AXIS then axis. As far as exchanges (like coinsecure or btcxindia) are concerned then mainly buyers set preference for bank.
 If you mean  what bank these exchanges prefer to purchase bitcoin then it is better to contact them directly.

I think all banks can be used to transfer the amount to this exchanges and even withdraw to any banks. Their is no particular about which bank to be used or not.

Well certainly you can use any bank to make transfer and withdraw but ideally not all banks are same. There are many restrictions for new beneficiary addition, cooling period once you add new beneficiary or is it instant. Per day of new beneficiary addition , IMPS fees etc.

Thanks. OP updated with your info.

I think, users of other exchanges will have info about the bank those exchanges are using.

Unocoin holds account in
State Bank of Mysore, DBS, HDFC and Kotak Mahindra.
SBM is their Primary bank.

Thanks a LOT. OP updated with your info. Does DBS mean Development Bank of Singapore?

Yes its Development Bank of Singapore.

Zebpay has banking partnership with AXIS, HDFC, ICICI, Yes and few more for back end processing.

Regards
Mahin
Zebpay

Coinsecure uses AXIS , ICICI i guess . :)

Thank you. OP updated with your info.


Is it just a guess or you have this info as a Coinsecure customer?

They use Axis, HDFC and Yes bank as of now.

Bitxoxo uses ICICI, HDFC, Yes Bank & Axis.

I feel this info is immaterial though.

I am CS customer and i didn't check much for other bank since i used Axis with them . You use any bank but their company bank accounts for deposit are AXIS and HDFC , Yes Bank :) ; so if you use these banks for trade then you get more faster withdrawal and deposit to CS :)

Thank you so much for providing all these data.

Are BTCxIndia & PocketBits operating without any bank?

looks like it  ;D
but still doesn't matter, most of them partner with private banks just for making profit.  :(

BTCX India have stopped thier operations till the time full clarification is not prevailed in India . Once the law is formed and restult is out then they will resume it .

They are using it but they have not revealed any information regarding bank ,only those who are using them can tell you.

Not just making profit, private banks will make you feel like a king of you give them these type of deals. A big limit on their credit with much leverages​.
To OP: thank you for making a list, it's nice to know about our exchanges.

Zebpay uses major ranked indian bank accounts. It has the ability to transfer your exchanged money into your bank account same day.
They have live excgange rates , users easily asses when to sell and when to buy.

Many new exchanges have appeared and existing exchanges changed their Banks. Hence I updated OP. Please provide relevant info in this post, if u have one.