How to withdraw money from upstox

Upstox fund withdrawal process

Getting your money out of your Upstox trading or demat account is a simple process, though new users are often confused between the instant, bank transfer and NEFT withdrawal facilities. While instant and same day withdrawals are convenient, bank transfers with IMPS, NEFT or RTGS may take between 24 hours to 3 working days but allow higher daily limits. Understanding the Upstox fund withdrawal procedure, documents required and associated charges for each method ensures investors avoid rejections and delays during busy trading periods like Union Budget 2023 announcements. Whether withdrawing to your savings account via UPI or making big money transfers after profitable intraday trades, the seamless integration with major Indian banks like SBI, ICICI, HDFC and Axis makes fund settlement the least of your worries while trading stocks, derivatives, currencies and more on Upstox Pro. There are two ways to withdraw money from Upstox. They are explained in detail delow.

Instant withdrawal

• You can withdraw up to ₹2 lakhs per day using instant withdrawal.
• The amount will be credited to your bank account within 15 minutes.
• To withdraw money instantly, you need to have activated IMPS on your bank account.
• You can activate IMPS on your bank account by visiting your bank's website or by visiting a branch. 

Standard withdrawal

• You can withdraw any amount using standard withdrawal.
• The amount will be credited to your bank account within 24 hours.
• To withdraw money using standard withdrawal, you need to fill out a withdrawal request form.
• You can find the withdrawal request form on Upstox's website.

  To withdraw money from Upstox, follow these steps:

1. Log in to your Upstox account.
2. Click on the "Funds" tab.
3. Click on the "Withdraw Funds" button.
4. Enter the amount you want to withdraw.
5. Select your bank account.
6. Click on the "Withdraw Funds" button.

You will receive a confirmation message once your withdrawal request has been processed.

Here are some additional things to keep in mind when withdrawing money from Upstox:

• You can only withdraw money from the bank account that is linked to your Upstox account.
• You cannot withdraw money that is used as margin for trading.
• You cannot withdraw money that is pending for settlement.
• You may be charged a withdrawal fee by your bank.

I hope this helps! Let me know if you have any other questions.