Comment on Same day fund withdrawals & update on quarterly settlements

Dnyaneshwar commented on 17 Dec 2019, 10:32 AM

One more thing – we currently process all fund withdrawal requests once, at the end of the day, after settling all trades and debiting charges.

Why all the withdrawals are processed at the end of the day and not immediately when withdrawal is requested? Currently, the withdrawal placed in the morning 8:00 AM and before end of the day takes same time to be processed and this is too much delay for fund withdrawal (I am not sure if all online brokers do the same). But having withdrawal requests process immediately would be very convenient for clients!

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