Currently, the withdrawal process at Upstox takes considerable time. There is a day-end brokerage cycle and billing process, based on which the final balance is calculated, and then the payout is processed. This entire process takes over 24 hours if a withdrawal request is placed during market hours.

However, with our instant withdrawal facility, you can withdraw funds in under 15 minutes after placing a withdrawal request. A nominal fee of ₹23.60 (₹20 + 18% GST) shall be applicable for every Instant withdrawal request placed.

Instant withdrawal timings

Trading day	Withdrawal request time	Time frame
Monday - Friday	10 AM to 6 PM	Within 15 minutes on the same day (only via IMPS)

Eligibility Criteria for Instant Withdrawal:

Settlement: Funds can only be withdrawn after they are settled. Please refer to the settlement cycle for further details.

Pending Requests: Ensure there are no pending withdrawal requests before initiating a new one. Withdrawal Limit: You can withdraw up to the available balance in your Upstox account.

**Bank Requirements: **IMPS must be activated on your bank account to process an instant withdrawal. Trading Hours: Instant withdrawals are available from 10:00 AM to 6:00 PM (Monday - Friday). This feature is unavailable on trading holidays or settlement holidays.

**Daily Limit: **The daily withdrawal limit ranges from ₹100 to ₹5 lakh, which includes both securities and commodities wallets.

Open Positions: Ensure there are no open positions in your Trading or Mutual Fund accounts before initiating the withdrawal.

Multiple Requests: If you attempt to place multiple withdrawal requests exceeding ₹5 lakh or request funds on non-trading days, the request will follow the standard withdrawal process (refer to the withdrawal TAT).

**Used Margin: **The used margin, which represents the total amount utilized for open or closed positions, must be zero to proceed with the instant withdrawal.

Retry Limit: You cannot place a second instant withdrawal request until the first one is successfully processed. Once your withdrawal is successfully processed, you will receive an SMS and email notification.

Related Article:

• How can I withdraw funds from my Upstox account?

• Why is my fund balance lesser than what I expected?

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