When can I withdraw the funds after closing the positions and selling the equities?
You can withdraw funds shown under 'Withdrawable amount' in the 'Funds' section of the My Account portal. The sale proceeds or profits made during the day will not be available for withdrawal until settlements i.e., Trading+1 day (T+1).
For instance, Mr. Abhi has an available balance of ₹5,000 in his trading account and had holdings worth ₹5,000. Abhi sold his holdings on Tuesday, and logged in to My Account to withdraw an amount of ₹8,000. However, to his surprise his 'Withdrawable amount' is still showing ₹5,000. This is because the sale proceeds are subject to settlement and Abhi has to wait for a day to place his desired withdrawal request.
How do I withdraw funds using a Trading Account?
All the withdrawal requests need to be placed from the My Account dashboard. Below are the steps to place a withdrawal request in FYERS: 1. Go to My Account (If you’ve already logged in to FYERS Web then you’ll automatically be logged in) and click ...
How do I add funds/money instantly to my trading account using UPI?
Transferring funds using UPI is quite simple; we have described the steps involved in the process below. Also, the process remains the same for the mobile App. To understand how to transfer funds, refer to the GIF below: For the step-by-step ...
Are any charges levied for withdrawing the funds?
No, we do not charge any amount for withdrawing funds from your trading account. You can withdraw the funds provided you've a clear balance.
Can I use the same funds for Trading on NSE as well as MCX?
Yes, you can use the same funds for Equities and Commodities and you need not maintain separate accounts for the same.
How to transfer funds using FYERS app 2.0?
With App 2.0, we have integrated with multiple platforms for your seamless experience in transferring funds to your FYERS account. You can transfer funds using UPI, Netbanking, IMPS, RTGS, and NEFT. To understand how to transfer funds, refer to the ...