What are the common bank-related reasons for withdrawal rejections?
Withdrawal requests on FYERS can be rejected due to incorrect, missing, or restricted bank details. These issues fall into two categories — those you can fix in the 'Banks' tab under the 'Funds' section, and those that require contacting your bank.
1. Issues you can resolve in the 'Banks' tab (Funds):
Rejection Reason | Explanation |
Invalid bank account | The account may be closed, incorrect, or missing. Review and update in the 'Banks' tab. |
Incorrect IFSC code | The IFSC code entered is invalid. Crosscheck and correct it. |
Invalid bank account number | The account number is incorrect or incomplete. Update it accordingly. |
Invalid bank details | The bank rejected the transaction due to incorrect or restricted details. Verify all bank information. |
2. Issues that require contacting your bank:
Rejection Reason | Explanation |
Bank account temporarily blocked | The account is restricted by the bank. Contact your bank for resolution. |
Standing instructions for pay-ins/pay-outs | Active restrictions due to bank instructions. Review these with your bank. |
Note: Always ensure your bank details in the 'Funds' section are accurate and up to date to avoid withdrawal failures.
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