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.
Related Articles
How Can I Modify My Withdrawal Request?
If you've changed your mind about a withdrawal request, here's how to modify it: Access Withdrawal Request: After placing a request, navigate to the "Take Actions" section. Click on the “Pencil Icon.” Update Details: Change the withdrawal amount or ...
Why was my withdrawal request declined in the FYERS?
There could be several reasons why your withdrawal request was not approved: 1. Collateral Holdings: If you've pledged your holdings and have open carryforward positions, your cash balance will first offset the margin requirements, leaving you with ...
How to Cancel Payout Request in FYERS?
Cancelling a payout or withdrawal request in FYERS is straightforward. If you've changed your mind and want to cancel the withdrawal, follow these steps: Access My Account: Log into your FYERS account and go to the 'My Account' portal. Navigate to ...
What are the terms and conditions for instant fund withdrawal?
FYERS provides an instant fund withdrawal feature for users who meet specific criteria. Instant Fund Withdrawal Terms: Processing Time: Withdrawals are processed instantly, typically within 60 seconds. Amount Limits: Minimum withdrawal is ₹100, and ...
How can I review my deposit and withdrawal records on FYERS?
To view your deposit and withdrawal history on FYERS, simply follow the process illustrated in the accompanying GIF. Steps to Check Deposit and Withdrawal Records: Log into My Account. On the left panel, select 'Funds'. This will lead you to the ...