There are some common reasons why you may not be able to withdraw funds from your Upstox account:
The withdrawal amount must be ₹100 or more; amounts less than ₹100 cannot be withdrawn.
Funds added to the Upstox account cannot be withdrawn on the same day; they can only be withdrawn the next day.
Funds that are not settled cannot be withdrawn; withdrawals are possible only when the amount is settled.
Settlement cycle: Amount will settle on T+1 trading day for all segments
Related Article:
Why is my fund balance lesser than what I expected?
When will I receive funds in my bank account after placing a withdrawal request?