Withdrawal requests can be rejected due to the following reasons:

  • The withdrawal amount was used for trading after placing the withdrawal request.
  • There are insufficient funds in your account after the daily settlement.
  • The IFSC code has not been updated with us (if your bank has been merged with other banks or when the branch changes).

To update the IFSC code, you can follow the Bank addition process, OR you can ‘Raise Ticket’ to update the IFSC code along with the updated Bank proof.

Related Article:

Why is my fund balance lesser than what I expected? 

Why is my instant payout not credited to my bank account? (Deemed Success)? 

What is Ledger report and how do I access it? 

How can I add funds to my Upstox account?