All About Torus Digital's Block Funds Facility

Managing funds efficiently is crucial in trading, and that’s where Torus Digital’s Block Funds Facility comes in. This feature allows traders to block funds in their savings account for direct trading without the need to transfer money. It ensures flexibility, security, and uninterrupted interest earnings. Let’s explore what this facility is and how it benefits traders.

What is the Block Funds Facility?

The Block Funds Facility allows traders to temporarily block funds in their bank accounts for trading purposes while continuing to earn interest. This is achieved through a lien in banking, where a specific amount is reserved but remains in the account. Users can unlien (unblock) these funds when needed, ensuring accessibility.

How it Works:

• Blocking Funds (Lien): Users set aside a portion of their account balance for trading.
• Unblocking Funds (Unlien): When trading is complete, the funds can be released back to the available balance.
• Margin Use: The lien amount in a bank can be used as trading margin without transferring money.

This facility enhances financial flexibility, providing a seamless trading experience while keeping funds secure.

How Block Funds Facility Benefits Traders?

Here’s how the Block Funds Facility simplifies trading:

• Block Funds: Keep funds in your savings account and trade directly—no need for constant transfers.
• Earn Interest: Continue earning interest on your savings account balance, including the blocked amount for trading.
• Direct Payouts: Receive seamless payouts to your bank account within T+1 business days.
• 24/7 Access: Add, withdraw, and block/unblock funds anytime, 365 days a year.

How to Use the Block Funds Facility?

To block funds, follow these steps:

1. Log in to your Torus Digital 3-in-1 account.
2. Go to Stocks.
3. Open the Funds
4. Click Add Funds.
5. Select Block funds via SSFB.

To unblock funds:

1. Log in to your Torus Digital 3-in-1 account.
2. Go to Stocks.
3. Open the Funds
4. Click Withdraw Funds.
5. Confirm the withdrawal.

Why Choose Torus Digital 3-in-1 Account?

With Torus Digital’s 3-in-1 Savings and Investment Account, you get everything you need to manage your savings, trading, and demat in one seamless platform. Here’s what makes it the perfect choice:

• Higher Interest Rates: Earn up to 7.75% p.a. on your savings.
• Flat Trading Fees: Trade at just ₹11 per trade.
• Zero AMC for Life: Enjoy ₹0 AMC charges for a lifetime.
• Block Funds Facility: Experience the flexibility to trade efficiently while still earning interest on your funds—without the hassle of constant transfers.
• Invest Your Interest: Earn up to 15% p.a. extra by reinvesting your savings interest in selected ETFs.

Conclusion

The Block Funds Facility offers traders a seamless, secure, and interest generating solution for managing their funds. Whether you’re looking for a flexible trading margin or a hassle-free way to keep your funds secure while earning interest, Torus Digital provides the perfect solution.

Sign up today and experience the convenience of a 3-in-1 Savings and Investment Account.

Frequently Asked Questions (FAQs)

1. What is the Block Funds Facility?

   Torus Digital’s Block Funds Facility lets traders block funds in their Savings account for direct trading without transferring money.

2. Can I withdraw blocked funds anytime?

   Yes, you can unblock your funds anytime.

3. Do I earn interest on blocked funds?

   Yes, you’ll continue earning interest on your entire Savings account balance, including the blocked amount for trading.

4. Is there any charge for using the Block Funds Facility?

   No, there are no additional fees for blocking or unblocking funds.

5. How does blocked funds work as a trading margin?

   The blocked funds act as a margin, allowing you to trade without transferring money to a separate account.