Now the best features of Zerodha are here. Using the instant withdrawal feature, clients/users can instantly withdraw funds from their Zerodha account to their primary bank account for free.
➧ Instant withdrawal requests can be submitted only once per day between 9:00 AM and 4:00 PM on trading days. Regular withdrawal requests can be placed without restrictions.
➧ Withdrawal requests must be for a minimum of ₹100 and not exceed ₹25,000 per day.
➧ Clients must not have any orders (unfilled, filled, or canceled) or positions (open or closed) other than Cash and Carry (CNC) sell orders.
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For Example:
👳 Mr. X has ₹50,000/- withdrawable balance.
⤷ He has no open orders or positions.
⤷ He placed a withdrawal request at 10:30 AM for ₹25,000, which was processed immediately.
⤷ He places another withdrawal request at 2:30 PM for ₹25,000. This request will get rejected as only one instant withdrawal is allowed daily.
To place an instant withdrawal request:
➥ Tap on 'user ID'.
➥ Tap on 'Funds'.
➥ Click on 'Withdraw'
➥ Tap on 'Instant'
Enter the amount. Minimum of ₹100 and up to ₹25,000.
Tap on Continue and then on 'Confirm'.
Did you know?
➤ The instant withdrawal feature cannot be used to withdraw funds added during the day.
➤ Proceeds from the sale of holdings are only available for instant withdrawal on the next trading day after 11:00 AM.
➤ If any segments have canceled orders, except for equity CNC sell orders, the instant withdrawal will be unavailable.
➤ Funds cannot be instantly withdrawn on weekends, trading holidays, or settlement holidays.
➤ Instant withdrawal is currently not supported for UCO Bank, Karur Vysya Bank (KVB), and Paytm Payments Bank.