Introducing instant withdrawals

Zerodha Feature Announcements
1

You can now withdraw funds within seconds from your Zerodha account to your primary bank account using the Instant Withdrawal feature. However, for instant withdrawals, you must ensure the following:

  • Submit the instant withdrawal requests only once per day between 9:00 AM and 4:00 PM on all days, including weekends.
  • Place the request for a minimum of ₹100 and up to ₹1,00,000 per day.
  • You must not have any orders (completed, cancelled, or partially filled) or positions (open or closed) other than Cash and Carry (CNC) sell orders.
17 Likes
2

An active trader (who needs this feature the most) is less likely to benefit from this.

There will always be an open / closed position.

Why can’t Instant withdrawal be allowed to a certain % of withdrawable balance irrespective of open / closed position?

13 Likes
3

Hi @PratikThakkarCO, this is on our list of things to do in future updates. Thanks for the feedback.

5 Likes
4

@Meher_Smaran @ShubhS9 Does it also include the 80% of sale value which I get normally for selling delivery stock (assuming early payin is done by zerodha)?

5

If I sell 5 lakh worth stock in CnC (demat holdings) on T day at 10am, can I place instant withdrawal on T day for 1 lakh after 11 am assuming no other open fno, MIS etc.? or instant is applicable on T+1 for demat holdings sold? Thanks.

1 Like
6

Hi @iamshrimohan @zerodhahero

You can withdraw Credit from the previous day’s sale of holdings only after settlement i.e., on T+1 day.

1 Like
8

When does settlement happen on T+1 day? In the morning or afternoon or evening? After market hours?

9

In sake of demand/ competition zerodha launched this feature. They will not care about what we actually need.

2 Likes
10

i am being a little lazy here, but is it possible to use this with open gtts?

11

Dhan manages this better. It takes into consideration the open positions and allows the balance withdrawal. Also, if you have ICICI account, you can enable one tap transfer which works like a 3-in-1 account.

12

Hey @TitanTrader ,
Yes, you can use the instant withdrawal feature with open GTTs.

1 Like
13

Hi @Tharun_Iyer_M

The current system is causing even two days of waiting time for withdrawal in some cases, which makes it very tricky sometimes.

e.g. I had payed-in funds yesterday and took positions and at EOD had sufficient balance (more than what I had payed-in). I placed a small withdrawal request to meet some expense for today, but it was failed today. Though the balance funds in my account is about 8x that amount which I had requested.

I really hope that you can soon create a system that at least a small portion of available balance can be withdrawn on the same day, if not instantaneously.

thanks

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@Tharun_Iyer_M thanks!

1 Like
15

Hi @dcd ,
We are working on making this available.

16

If we trade on friday, and have closed/cancelled orders from f&o or if we have overnight position, can we withdraw on Saturday and Sunday?

18

If you don’t have any open positions, you can withdraw on weekends as well

19

First it showed window opens at 9 am.
At 9 am it shows as window opens at 9:30 am.
At 9:30 am it shows as window opens at 10 am.

Screenshot_20240607-093136
Screenshot_20240607-0931361080×2436 127 KB

So, every 30 mins time increases?

20

please attach screenshots of each as proof

21

I sold some positions and the amount is not reflected in ledger balance. How can I withdraw?
Sold position is in cnc equity and no open or pending order is there. Still amount is not reflected in balance

22

Settlement is T+1. You will get money in zerodha next working day (monday). can withdraw then.

1 Like