Zerodha has launched an instant withdrawal feature on its app, allowing users to withdraw up to ₹1 lakh per day. This new service is available from 9:00 am to 4:00 pm every day, including weekends, without any additional charges.
Co-founder Nithin Kamath announced the feature on May 30 via an X post, emphasizing the immediate transfer of funds from Zerodha accounts to users’ primary bank accounts.
Key Points for Instant Withdrawals on Zerodha:
- You can request instant withdrawals between 9:00 AM and 4:00 PM every day.
- Regular withdrawal requests can be made anytime without these time restrictions.
- The withdrawal amount must be between ₹100 and ₹1,00,000 per day.
- Only clients with Cash and Carry (CNC) sell orders can use this feature; other types of orders or positions will disqualify the request.
- Instant withdrawals are not available for funds deposited on the same day.
- If there are canceled orders in any segment other than equity CNC sell orders, instant withdrawal is not possible.
- Funds from sales made the previous day are not included in the withdrawable balance on settlement days, trading holidays, and weekends.
- Paytm Payments Bank does not support instant withdrawals.
Steps to Place an Instant Withdrawal:
- Tap on your user ID.
- Select Funds.
- Click on Instant.
- Enter the amount (between ₹100 and ₹1,00,000).
- Tap Continue, then Confirm.
