Zerodha has launched a new Instant Withdrawal feature, allowing users to transfer funds from their trading account to their primary bank account within seconds. This feature is available for free, ensuring quick and easy access to your funds.
To utilize the Instant Withdrawal feature, users need to follow a few guidelines. Withdrawal requests can be submitted once per day between 9:00 AM and 4:00 PM, including weekends. The minimum withdrawal amount is ₹100, and the maximum limit is ₹1,00,000 per day.
It’s important to note that users must not have any orders (completed, cancelled, or partially filled) or positions (open or closed) other than Cash and Carry (CNC) sell orders.
Placing an instant withdrawal request is straightforward. Simply tap on your user ID, navigate to Funds, and select Withdraw. Choose the Instant option, enter the desired amount, and confirm your request by tapping Continue.
There are a few important points to keep in mind. The instant withdrawal feature cannot be used for funds added during the day.
Proceeds from the sale of holdings will be available for instant withdrawal only on the next trading day after 11:00 AM.
Additionally, if any segments have cancelled orders, except for equity CNC sell orders, instant withdrawal will be unavailable. Currently, Paytm Payments Bank does not support this feature.
Timings for instant withdrawals are subject to change, with the latest updates available on the Zerodha Console withdrawal page.
