Comment on Updates - June 2015

Nithin Kamath commented on 23 Jun 2015, 11:43 AM

With ICICI it is different, since they are a bank also. A standalone brokerage will not be able to beat them in convenience of moving funds around. When you sell shares, you have funds credit given to you immediately if you want to buy more shares. But yes withdrawal of this can be done only on T+2. We process all withdrawal requests end of day, so it will get processed on T+2 evening. If you have HDFC, it hits your bank same night, other banks it will be next day. Same thing we have been following for 5 years almost now.

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