Comment on Same day fund withdrawals & update on quarterly settlements

Matti commented on 17 Dec 2019, 09:46 AM

Hey Dyaneshwar and Vikram. Withdrawals placed before the 8:30 PM cut-off time are processed on the same day. As the post above says, we are yet to go live with instant payouts. As for going live with crediting your bank accounts on the same night, this is something we’re working with the banks to make possible. While the RBI has mandated all banks to be live on 24×7 NEFT by 16th December, there could have been some teething issues due to the process change that the banks will now have to fix.

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