Upstox provides two methods for withdrawing funds from your trading account. The amount will be credited to your primary bank account.
You can withdraw funds using either of the following options:
1. Instant Withdrawal
With Instant Withdrawal, you can withdraw amounts between ₹100 and ₹5 lakh per day from your securities and commodities wallet.
However, with our instant withdrawal facility, you can withdraw funds in under 15 minutes after placing a withdrawal request. A nominal fee of ₹23.5 (₹20 + 18% GST) shall be applicable for every Instant withdrawal request placed.
Important Notes:
- IMPS mode must be activated in your bank account.
- The used margin reflects the total amount utilized for any open or closed positions, which must be zero before placing an Instant Withdrawal request.
- Open positions that are not squared off must be exited before initiating an Instant Withdrawal request.
Instant Withdrawal Timings:
2. Standard Withdrawal
- You can withdraw funds starting from ₹100 up to any amount with standard withdrawals.
- Standard withdrawal requests can be initiated at any time.
- The funds will be credited to your primary bank account by 3:00 PM on working days.
- Standard withdrawal requests can be modified or deleted until they are processed.
Standard Withdrawal Timings:
Note: If you do not receive the funds within the mentioned payout turnaround time (TAT), please wait until the end of the day (EOD).
Refer to the following steps for withdrawal flow
Instant Withdrawal flow
Step 1: Log in to the Upstox app using your 6-digit PIN or Biometrics.
Step 2: Tap on the 'Account' tab.
Step 3: Click on 'Withdraw Funds.'
Step 4: Enter the withdrawal amount from the 'Withdrawable Funds' and click 'Continue.
Step 5: Click 'Confirm Withdrawal.'
Step 6: You can check the expected payout date and time.
Standard Withdrawal flow
Step 1: Log in to the Upstox app using your 6-digit PIN or Biometrics.
Step 2: Tap on the 'Account' tab.
Step 3: Click on 'Withdraw Funds.'
Step 4:Enter the withdrawal amount from the 'Available to Withdraw.'
Step 5: Click 'Confirm Withdrawal.'
Step 6: You can check the expected payout date and time.
That's it! Your withdrawal request has been placed.
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