What are the common bank-related reasons for withdrawal rejections on the FYERS platform?
There are several specific bank-related reasons why a withdrawal request might be rejected on the FYERS platform. These reasons can be categorized into two sets: issues that can be resolved via the Fyers My Account portal and those that require contacting the bank.
Issues that can be resolved via My Account (under Manage Account): | Explanation |
Transaction failed due to an invalid bank account. Please verify the bank details and try again. | This rejection happens if the bank account is closed, non-existent, or not locatable. Please cross-verify the details in My Account. |
The IFSC code is incorrect. Please crosscheck the code and try again. | This rejection occurs when the entered IFSC code is incorrect. Please crosscheck the IFSC code and try again. |
The bank account number is invalid. Please check and update the correct details. | This rejection occurs when the bank account number provided is invalid. Please check and update the correct details. |
Transaction failed due to invalid bank details. Please verify the bank details and try again. | This rejection occurs when the credit entry is refused by the receiver due to invalid bank details. Please verify the details in My Account. |
Issues that require contacting the bank:
| Explanation |
| The bank account has been temporarily blocked. Please try again later. | This rejection occurs because your bank account may have been temporarily blocked. For more details, please contact your bank. |
We couldn't process the transaction because the account has instructions for pay-ins and pay-outs. Please review the instructions and try again. | This rejection happens when the bank account has standing instructions for pay-ins and pay-outs. Please review these instructions with your bank. |
Note: Always ensure that the bank details you provide are accurate and up-to-date to avoid any issues with your withdrawal requests.
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