- Zerodha has introduced an instant withdrawal feature on its app, allowing users to withdraw up to ₹1,00,000 per day.
- The withdrawal window is available from 9:00 am to 4:00 pm throughout the week, including weekends.
- Nithin Kamath, Zerodha co-founder, announced this feature in a recent X post, emphasizing its convenience and no additional cost.
Zerodha’s new instant withdrawal feature allows users to access their funds quickly and efficiently, enhancing user experience and financial flexibility.
Zerodha Rolls Out Instant Withdrawal Feature
Zerodha, one of India’s leading brokerage firms, has launched an instant withdrawal feature on its app. This new feature allows users to withdraw up to ₹1,00,000 per day instantly, providing greater financial flexibility and convenience. The withdrawal window is open from 9:00 am to 4:00 pm every day, including weekends. This move is part of Zerodha’s ongoing efforts to enhance user experience and streamline financial transactions.
Key Details of the Instant Withdrawal Feature
According to Nithin Kamath, co-founder of Zerodha, the instant withdrawal feature is designed to offer users immediate access to their funds without any additional cost. Users can transfer funds from their Zerodha account to their primary bank account within the specified withdrawal window. This feature is particularly beneficial for traders and investors who need quick access to their funds for various financial activities.
Things to Keep in Mind
- Instant withdrawal requests can be submitted once daily between 9:00 AM and 4:00 PM, including weekends.
- Regular withdrawal requests have no such restrictions and can be placed at any time.
- Withdrawal requests must be at least ₹100 and cannot exceed ₹1,00,000 per day.
- Clients must only have Cash and Carry (CNC) sell orders and must not have any other types of orders (unfilled, filled, or cancelled) or positions (open or closed).
- The instant withdrawal feature is not available for funds deposited on the same day.
- If there are any segments with canceled orders, other than equity CNC sell orders, instant withdrawal will not be available.
- Funds from the sale of holdings on the previous day will not be included in the withdrawable balance on settlement days, trading holidays, and weekends.
- Instant withdrawal is currently not supported by Paytm Payments Bank.
How to Place an Instant Withdrawal
- Tap on user ID.
- Then click on Funds.
- Click on Instant.
- Enter the amount, minimum of ₹100 and up to ₹1,00,000.
- Tap on Continue and then on Confirm.
Conclusion
Zerodha’s introduction of the instant withdrawal feature marks a significant enhancement in its service offerings, providing users with quick and easy access to their funds. This feature not only improves user experience but also adds a layer of convenience for traders and investors. As Zerodha continues to innovate and improve its platform, users can expect more such features aimed at simplifying financial transactions and enhancing overall user satisfaction.
