Reasons for Withdrawal Rejection on FYERS

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 inadequate funds for withdrawal.

2. Bank Account Discrepancies: Various reasons such as temporary account blocks, invalid account details, incorrect IFSC codes, or special instructions on the account with your bank account can lead to withdrawal rejections. For more details, please refer to this article.

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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