Not in this scenario, Amit. To get payout on the same day, you must have not traded on that day, as explained in the main post.
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Can we get the same on SATURDAY & SUNDAY also?
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Thanks a lot for introducing this feature. One question is: suppose the opening balance is Rs 3,00,000/- and I have traded in FNO and booked the profit of around Rs 27,000/- and don’t have any open position at EOD. The Closing Balance is Rs 3,00,000 (Which is Opening Balance of the Day) before reconciling + Rs 27,000/- (at EOD) and I place the withdrawal request of Rs 1,00,000/- around 3.45 PM. Is it possible that the system takes my withdrawal amount request and credit the amount in bank account on same day?
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What about the payout requests placed on weekends or on holidays? When the withdrawal amount will be credited in the account?
Ah, not at the moment. Logically, you’re right, your balance hasn’t changed and we should be able to process your payout of 1,00,000. However, the problem is that before we process a payout, it’s imperative that we run the trade process, assess the client’s obligation due/receivable for the day, calculate the clear balance and then process the withdrawal. If a client has traded, the withdrawable balance changes.
The exchanges publishes trades real time on NOTIS, which a few brokers use to do possibly do early trade process and to determine clear balance, but since our trade data is voluminous, we aren’t able to use this facility and have to wait until we receive the EOD files to process the trades. Since this is time consuming, we run a scan of whether clients have traded or not, and process early payouts to those users who haven’t traded since the obligation of the traded client isn’t known immediately.
Today, when clients transfer funds to a broker, they are all upstreamed to the Clearing corporation. To process payouts, brokers have to ask the clearing corporation to release funds and CCs don’t operate on weekends. We’ll see what we can do w.r.t processing payout on weekends. But as things stand today, withdrawal requests collected over the weekend are processed on Monday and you’ll have the funds Monday evening or Tuesday morning.
10 Likes
What is the time period for getting instant payout, provided I meet all the conditions?
I traded yesterday, and the balance was updated today. I placed a withdrawal request in the morning, but haven’t recived it till now. Already 8PM.
Last week I tried it and I recieved the payout at like 11PM, the same day I placed the request
There’s no real difference between old and new timeline then, because I used to recieve early in the morning before. Now I will recieve it at midnight. Both happen when I am sleeping, so literally the same thing.
Any way to push it to 4PM? the funds the same day atleast then
We’ll announce instant withdrawal soon. 
Also the faster fund withdrawal requests are processed on the same day after we receive all the obligation files from the exchanges. Hence difficult to push it up to 4pm. But we’re working on ensuring payouts happen by 7pm from end of next week - we are making a few tweaks in the process to ensure we cut down the time taken by few more hours.
2 Likes
Good to hear, looking forward to instant withdrawals 
1 Like
Thanks for the detailed answers and appreciate. I have few more questions. Could you please go through below cases and answer?
Case 1:
- On Wed Opening Cash Balance : ₹ 25,000
- Margin Available : ₹ 25,000
- Loss in Intraday Trading : ₹ 25,000
- Margin available After Loss : ₹ 0
- Added Cash : ₹ 15,000
- New Margin Available : ₹ 15,000
- Again started Trading & booked profit : ₹ 7,300 (PAT)
- End of Day Cash Available : ₹ 22,300 which is less than opening day margin.
Q1: In this case can I withdraw ₹ 15,000 from trading account on Wednesday?
Q2: If I don’t withdraw any amount or cannot withdraw on Wed then how much amount I can withdraw on Thursday ? ₹ 15,000 or ₹ 22,300 if I do Intraday trading on Thursday?
Case 2:
9) Not withdrawn any cash on Wed
10) Thursday Opening Cash Balance & Margin Available: ₹ 22,300
11) Intraday Trading profit: ₹ 25,000 (PAT)
12) Thursday End of day Cash Available: ₹ 52,300
Case 3:
13) On Friday Opening Margin: ₹ 52,300
14) Booked Profit in Intraday Trading: ₹ 30,000
15) End of Closing Balance : ₹ 52,000 + ₹ 30,000= ₹ 82,300
Q3: Cash available for withdrawal placed on Friday: ₹ 52,300. Correct?
On which day Cash will be credited in Bank account? on Saturday morning or Monday morning?
Hi @Nitinmangel
The major change from earlier payouts is:
Earlier, for the stocks you sold on Monday, you would have received the payout on Wednesday morning. In this latest update, we are ensuring that we are processing the payouts on Tuesday evening itself IF you didn’t trade or have any open position that day/
No. The reason for that is that the funds deposited to the trading account during the day are available for trading immediately, they can only be withdrawn the next day due to the end-of-the-day settlement and reconciliation processes.
As equity or F&O trades are settled on T+1 day, you can place a withdrawal request on Thursday and you will receive the funds on Friday morning. You would have received the same on Thursday evening itself if you didnt trade that day.
This should be 47300 no?
You can withdraw 47,300 on Friday { 22,300 and 25000 (Thursday’s profit) } but whether you will receive it on Friday evening or Saturday morning will depend on whether you traded or not that day
If you did not trade on Friday, you would receive 47,300 on Friday evening itself and If you traded and you still had a withdrawable balance of 47300 after all the open positions, you would receive 47300 by Saturday morning.
Similarly, 30k that u made on Friday, you would be able to withdraw on Monday evening if you don’t trade on Monday and if you do, you will receive on Tuesday morning.
Funds are received faster now; thanks for this enhancement.
3 Likes
Hey, love the instant withdrawal feature.
I sold some shares today (Thursday). It is a settlement holiday. So funds will come into my demat account only on Monday?
And then I have 2 options?
- Place a normal withdrawal request on Monday evening and get it by Tuesday morning
- Place a instant withdrawal request on Tuesday and get the funds if I satisfy the < 1L and no trades criteria.
Am I right in understanding that I can get these funds into my bank account only by Tuesday morning? @Meher_Smaran
Just want to state again that instant withdrawal is very helpful and works perfectly! No need to wait for 24-48 hours, sometimes even more in extreme cases.
Thanks for bringing it
2 Likes
Sorry for the delay in response as I’m not yet back from the trip 
and Thank you so much for your kind words.
Assuming Settlement holiday as T day, Both T-1 and T day trades are settled on T+1 day. So, in this case your sell trade of Thursday (T day) will be settled by Friday evening. (T+1 day)
So, you can make a normal withdrawal on Friday evening itself or make an instant withdrawal on Monday.
1 Like
ASBA for secondary market will reduce control of brokers over clients funds. As far as I understand any broker won’t do or try to delay other than the regulations and competition threats. Would you like to say something on this? @VenuMadhav @nithin
Others do reply to.
Thanks. Enjoy your trip!
1 Like