Instant withdrawal feature

[nithin]

@tallerballer

Hey Nithin, doesn’t this affect brokers a lot? They were earning a good amount of float on it?

No, not really. We earn ~3.5% on the funds you keep idle in your account.

@tallerballer

And do you guys send it to the CC, because when paying, I am paying to Zerodha’s bank account?

All brokers are mandated to do that by SEBI.

[tallerballer]

Can you provide a TLDR on the payment timeframes now?

I did no trades today and amount to withdraw > 25k. Can I expect by evening? Or tomorrow only?

[VenuMadhav]

@tallerballer

I did no trades today and amount to withdraw > 25k. Can I expect by evening? Or tomorrow only?

You’ll receive it in the evening today, subject to having enough withdrawable balance.

[tallerballer]

Thanks for the quick reply!