Reasons for Withdrawal Rejection on FYERS

Why was my withdrawal request declined on the FYERS platform?

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 inadequate funds for withdrawal.

2. Bank Account Discrepancies: Mismatches between the bank account details you've provided and our records (like incorrect IFSC/MICR code or a name mismatch) will lead to withdrawal rejections to ensure security.

3. Trading Activities Post Request: If you requested a withdrawal but later used the entire amount for overnight positions or securities investments, it will affect your withdrawal amount.

4. Technical Issues: Sometimes, backend technical issues can be the cause of withdrawal rejections.

Note: Always ensure your 'Withdrawable Amount' under the 'Funds' section in the My Account portal covers the withdrawal amount. Post request, if you incur a trading loss, the withdrawal amount will be adjusted. If the loss surpasses your available balance, the withdrawal will be rejected.

For Example:

Mr. M wanted to withdraw ₹1,40,000 at 8:00 AM. Throughout the trading day, he had:

  • A loss of ₹30,000: The withdrawal would be adjusted, and ₹1,10,000 will be processed.

  • A loss of ₹1,41,000: The entire capital is exhausted, so his withdrawal request would be rejected.

To avoid issues, double-check your bank details and ensure a sufficient balance before initiating a withdrawal.


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