Zerodha Update: Faster fund withdrawals

Hi @Nitinmangel

The major change from earlier payouts is:

Earlier, for the stocks you sold on Monday, you would have received the payout on Wednesday morning. In this latest update, we are ensuring that we are processing the payouts on Tuesday evening itself IF you didn’t trade or have any open position that day/

Nitinmangel:

Q1: In this case can I withdraw ₹ 15,000 from trading account on Wednesday?

No. The reason for that is that the funds deposited to the trading account during the day are available for trading immediately, they can only be withdrawn the next day due to the end-of-the-day settlement and reconciliation processes.

Nitinmangel:

Q2: If I don’t withdraw any amount or cannot withdraw on Wed then how much amount I can withdraw on Thursday ? ₹ 15,000 or ₹ 22,300 if I do Intraday trading on Thursday?

As equity or F&O trades are settled on T+1 day, you can place a withdrawal request on Thursday and you will receive the funds on Friday morning. You would have received the same on Thursday evening itself if you didnt trade that day.

Nitinmangel:

Case 2:
9) Not withdrawn any cash on Wed
10) Thursday Opening Cash Balance & Margin Available: ₹ 22,300
11) Intraday Trading profit: ₹ 25,000 (PAT)
12) Thursday End of day Cash Available: ₹ 52,300

This should be 47300 no?

Nitinmangel:

Q3: Cash available for withdrawal placed on Friday: ₹ 52,300. Correct?

You can withdraw 47,300 on Friday { 22,300 and 25000 (Thursday’s profit) } but whether you will receive it on Friday evening or Saturday morning will depend on whether you traded or not that day

Nitinmangel:

On which day Cash will be credited in Bank account? on Saturday morning or Monday morning?

If you did not trade on Friday, you would receive 47,300 on Friday evening itself and If you traded and you still had a withdrawable balance of 47300 after all the open positions, you would receive 47300 by Saturday morning.

Similarly, 30k that u made on Friday, you would be able to withdraw on Monday evening if you don’t trade on Monday and if you do, you will receive on Tuesday morning.