How long does it take to process a withdrawal request?
Upon placing a withdrawal request with FYERS, here's what you need to know:
- Same-day Processing: If you make a request between 5:00 AM and 5:00 PM, we process it on the same day. However, if you have open commodity positions/orders in the MCX segment, it will be processed on the following trading day.
Note: Even though withdrawal requests will be processed on the same day, the funds may be credited to your bank account the next trading day. - Next Day Processing: Requests made between 5:00 PM (Previous Day) and 5:00 AM (Next Day) will be processed by 04:00 PM on the next day.
Points to remember:
- Withdrawal requests are not processed on weekends, trading holidays, and clearing/settlement holidays.
- Funds added via Razorpay UPI and netbanking, you can place the withdrawal request on T+1 day.
- Funds added via Atom UPI transactions before 4:00 PM, you can place the withdrawal request on T+1 day. Funds added after 4:00 PM, withdrawal requests can be placed only after T+2 days. For Net banking, it's T+2 days irrespective of the timings.
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