What is Instant Withdrawal, and How Can I Use It?

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 5 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 dayWithdrawal request timeTime frame
Monday - Friday10 AM to 6 PMWithin 5 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Settlement: Funds can only be withdrawn after they are settled.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.


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