Same day fund withdrawals & update on quarterly settlements

December 10, 2019
24X7 NEFT transactions are not available on the corporate portal of our banking partners yet. We are working with them to enable this for same day fund withdrawal for all our clients.

Introducing: Same-day fund withdrawals

Now withdraw funds from your Zerodha account to your bank account on the same day, any day of the week! The RBI recently published this notification instructing banks to make the NEFT payments system available 24/7 from December 16. With round-the-clock NEFT availability from December 16, you will receive funds in your bank account on the same day irrespective of what bank you hold an account with. Also, since NEFT is available on all days of the week and holidays, you needn’t wait until Monday for withdrawal requests placed on weekends any more. We’ll be working on weekends and holidays to process these requests so you get credit on the same day.

We currently process all fund withdrawal requests once, at the end of the day, after settling all trades and debiting charges. The fund withdrawals are then submitted to our bank to be processed using NEFT. Since we use HDFC Bank, our clients who also have HDFC receive funds instantly as it is an intra-bank transfer. All fund withdrawals to other banks typically get credited the next working day in the morning. This was due to the restriction of NEFT availability being only between 8 AM and 7 PM on weekdays and on 1st, 3rd, and 5th Saturdays of the month. Starting December 16, this will change, and you’ll receive the credit of funds on the same day (contingent to RBI not extending the deadline and HDFC Bank being ready with this change).

Change to quarterly settlements

SEBI requires brokers to send back unutilized client funds from trading accounts to the clients’ bank accounts at least once every quarter. Earlier, when quarterly settlements were due, funds placed for withdrawal would be credited to client bank accounts after the market opening (due to the aforementioned NEFT timings), which would have to be transferred back to take a trade, hindering trades at market opening and sometimes until late noon. This was a significant headache for active traders.

For clients who didn’t want their unutilised money sent back to their bank accounts, we had offered an option to invest in liquid funds for one day in a quarter. Liquid funds are fixed income instruments, that would yield clients interest returns for the day.

While this was within the rules and regulations as clients explicitly instructed us to invest in liquid funds once a quarter by logging into our platform, we were advised by the exchanges to rethink this process. With the new 24×7 NEFT availability, the delay in funds being credited and deposited back is no longer an issue or an interruption to trading. Thus, we are revoking the option that allowed clients to opt-in for investing in liquid funds instead of fund settlement to bank Accounts. This will only affect a few thousand from our 1.8 million clients who had chosen this option. 

 

Coming soon: Instant fund withdrawals

And finally, you will soon be able to withdraw up to Rs: 50,000 instantly to your bank account. We are currently testing this and hope to make an announcement soon.

 

Update – December 16:

The banks are awaiting more clarity from RBI on the implementation of 24×7 NEFT. You’ll start receiving the credit of your fund withdrawals on the same day post the implementation. We’ll also start processing withdrawals on Saturdays and Sundays once this is live.

 

 

Happy trading,

Team Zerodha

India's largest retail brokerage

381 comments

  1. Hetal Shuka says:

    That’s Amazing !!!

  2. SAGAR DINESHCHANDRA PORIA says:

    WOOOWW GRT

  3. Sanjib Debnath says:

    Nice

  4. BHUPENDRA says:

    very good service

  5. Somnath Das says:

    Thanks a lot

  6. Rohit Bhadale says:

    This is great!! now i can manage my daily expenses from it whenever required 🙂

  7. Suhas Jadhav says:

    Good initiative

  8. SENTHILKUMAR C says:

    WOW Thank you so much…

  9. Prashant Saha says:

    Great move by Zerodha! Loved this news. Now I won’t have to wait to get the funds……..Love you Zerodha

  10. Alikoya KK says:

    Happy to know

  11. Ravichandran says:

    Very nice to hear. This will be a useful value added service. Thank you,

  12. xyz says:

    Is it possible to transfer money from commodities account to equity account with withdrawal?

  13. Kiran Meher says:

    Available cash was in my account more than 50000 but at the time of withdrawal it was showing -15000. Please suggest,

  14. Akash Kumar says:

    THANK YOU SIR FOR THIS EFFORT

  15. EnExInd says:

    That’s great!

  16. Suryakant says:

    Congratulations

  17. Narendra says:

    Thank you…So Much..Team Zerodha

  18. muthu says:

    Good Always caring customers zerodha the best

  19. satye says:

    good very good now Zerodha

  20. Nitin Jadhav says:

    Wooooow Grt….

  21. Hassan says:

    That’s nice

  22. Mak says:

    That’s awesome

  23. Preethish Nayak says:

    Craazy

  24. Chetan Kathed says:

    Great decision team zerodha 👍

  25. Vishal says:

    Awesome News🎉!!! #Team Zerodha

  26. Fayazuddin says:

    Great News!
    We trust Zerodha!

  27. Debasis Pattnaik says:

    Nice information. It means I can request the payout on saturday/sunday/any holiday morning or anytime , and get the fund credited same day , as if it is an IMPS ?

  28. Sharath Gowda says:

    Awesome 😍

  29. Santosh pardeshi says:

    Thats why zerodha is best all over india. Thanks team zerodha

  30. Abrar says:

    Zerodha…. An ultimate Broking Firm…!! love to trade with Zerodha 🌹

  31. AX says:

    GREAT … Can earn and get a drink same day !

  32. ganeshbazarh.com says:

    ok

  33. Maheswata Das says:

    Wow! Great news…

  34. Ameya Vaidya says:

    Hi team Zerodha!

    Great news!

    Cheers!

  35. Yeshwanth says:

    awesome move

  36. Sujeet says:

    Great, nice move by sebi

  37. Muthu says:

    This is great news !!!

  38. Sanjay says:

    Very good service

  39. Bhuvanesh says:

    Great move by Zerodha

  40. Chintan sodha says:

    Do we have to make a request before 7.30 or 8 pm?

  41. Ajay singh says:

    Great news Zerodha…l

  42. siva says:

    thats is good to hear , But I how about simplifying your internal process ?
    1. I have two accounts – why on earth you make one primary and secondary
    2. I want to withdraw to second account – your process needs to sign a physical copy and send it post ( how ridiculous it is even in the year 2019 !!)

    you are now a grown up adult not a startup anymore and we customers made you largest broker in india . we do expect few things in line.

  43. Pankaj Mohta says:

    Awesome

  44. Sai kumar says:

    Awesome

  45. Mamta Devi says:

    Wow very nice

  46. Sumeet Koyande says:

    Wow..great news..!!

  47. SOHAIL says:

    Do you how ❓ the allotment of IPO will happen on what basic.

  48. Sampat says:

    Good to hear that!! finally some nice reforms by RBI.

  49. Amit Kumar Gavel says:

    Bahut achaa

  50. Ranjith M says:

    Most expected change….

  51. Sarfaraz says:

    Thank you soo much

  52. Aditi Surve says:

    Fantastic!!!!

  53. Bipin Mani Tripathi says:

    Wow nice

  54. Anil Kumar Choudhury says:

    Great news. Thanks for your support

  55. Rajesh santre says:

    What is minimum amount. which can withdraw

  56. J.K. AHIR says:

    Good 👍

  57. Sanjeet says:

    Nice syestem

  58. Very nice says:

    This is a very good move indeed.

  59. KESHAW says:

    THIS IS GREAT

  60. HARESH says:

    THAT IS A VERY NICE FEATURE….THANKS A LOT

  61. SUNKOJURAJENDRA says:

    Really????

  62. Pratap bisht says:

    Great !!

  63. Shrikant says:

    That’s Good news. 👍

  64. K.KUMARAVEL says:

    I am struggling to transfer fund to zerodha zemat account to bank account

  65. Mahendra says:

    Thank’s

  66. Ravina ripesh vyas says:

    Good and happy for same day withdrawal process

  67. VINEET says:

    IS THERE ANY OPTION IN ZERODHA, UNTILL I REQUEST FOR FUND TRANSFER TO MY A/C THE FUND SHOULD NOT BE TRANSFERED( SBI SEC CAP HAVE THIS FACILITY)

  68. Mansoor sheikh says:

    Very good move,
    Feeling more convenient

  69. Sumit Dhankhar says:

    Superb news !!

    Love zerodha !!! Love modi ji

  70. Nayan says:

    Great News…. I loved Zerodha

  71. Sachin Aher says:

    Good initiative by RBI

  72. Nilesg says:

    Great !!!!! Nice service

  73. jai says:

    awesome//////

  74. Bhavesh Trivedi says:

    That is really good and helpful

  75. s.selvam says:

    This is reduce my life struggle

  76. Subashmani says:

    Great move .. welcome one

  77. Naresh says:

    Simply super

  78. A Kumar says:

    VeryGood… timely action..

  79. Bindusagar Mahanta says:

    Very good initiative

  80. Hiteshkumar says:

    Very good service.

  81. Nitin says:

    Great news!

  82. Pratik ghungurde says:

    Great efforts Always . …….thank you team zerodha .

  83. Shrichand says:

    Awesome thing for us!🛍️🛍️

  84. Junaid ahamed says:

    Does it holds good for commodity as well.. as of now for commodity account i have to place withdrawal request before 9 am, to get the money on same day.

  85. Tribun jyoti sarma says:

    Great step……. it will immensely help all traders at zerodha………

  86. ASIT KUMAR NAYAK says:

    Good step from RBI.

  87. Shadab Ali says:

    Good Zerodha is Best

    But Make Create a ( BO ) Order in Commodity

  88. Jagadish Kolanu says:

    Hi Team,

    Welcome the Move. Is it possible to credit the respective bank account in the same way like that of UPI transaction happens, where we will be adding funds to Zerodha. ?

    Thanks,
    Jagadish Kolanu.

  89. Rajan Chauhan says:

    Nice initiative ,
    After some crappy events we have seen recently , such a step will increase your credibility among retail traders/investors.

  90. Komarla Venugopal says:

    Nice cool

  91. vinod chauhan says:

    dear sir ji fut me trade nahi kar pa rahe hai kripaya comodity ke liye mera accounte activet karen

  92. Rajbir Singh says:

    How much it take to add banifisary

  93. Sujeet Kumar says:

    Very nice to hear this thanks to RBI

  94. Abhijeet says:

    What’s the Zerodha deadline now to submit withdrawal request so that user gets money credited to his/her account on the same calendar day?

  95. Raje says:

    yepeeeee.. kudos to Zerodha team… good initiative.. this will encourage good business for both
    love
    r

  96. Dinesh says:

    Its really good change by RBI. Now no more waiting… Thanks for info zerodha…

  97. Great says:

    Can i rise my Amount till 10000 Crore rupees in Zerodha ?

  98. Mallikarjun Kawaddevi says:

    Great initiative by RBI

  99. G. S. Netam says:

    😮 cool thanks lot RBI

  100. Sanjai gandhi says:

    Thank u

  101. Buddhadeb Majumdar says:

    Very good

  102. Anand K says:

    Please provide single margin facility for both equity and commodity. Also provide BO orders for commodity

  103. Adarsh Behara says:

    Great

  104. ANAND JAIN says:

    If I has transferred funds to zerodha today (say 10 Lakhs) and wishes to re-transfer in the same day, is it possible ?

  105. Shibom CHAKRABORTY says:

    That’s the Great Initiative……. Thank U

    Zerodha

  106. Kiran says:

    This is good but when
    1. Will common ledger for equity and commodities be implemented
    2. The ledger is currently updated on t+2 basis even for future trades which does not involve demat….Why not start a t0 (same day) update of ledger like few brokers like SAS online do.

    This will help traders more…

  107. Sunil Kumar says:

    Great news, very helpful.

  108. Sandeep says:

    Good news of day for share market players

  109. K S Pushpalatha says:

    Great…

  110. Mahesh.Ithappa bage says:

    Is the very good disistion thanks Zerodha lot of

  111. Atish says:

    Rwally That’s nice job for all trader including me..
    Thanks

  112. Deepak singh says:

    Wow ..that Amazing.

  113. Pradeep says:

    That’s fantastic! Keep up the great work

  114. R D SHINDE says:

    Lightening customer service indeed!

  115. Sanjeev says:

    Thanks to RBI & Zerodha as well, but one thing if zerodha uses Hdfc bank then why charge fund transfer fees for inter banking.

  116. JIGNESH says:

    East or west
    Zerodha is always BEST.
    THANK A LOT

  117. S Swaminathan says:

    HDFC Bank recently had outage last week, and they didn’t even communicate with customers on 1st and 2nd day. You must provide additional banks. HDFC good bank but pretty bad in customer engagement for queries/ issues.

  118. Arun says:

    That’s great. Thanks for the initiative!

  119. Imran says:

    Very good news.

  120. S RG says:

    Thanx zerodha, zerodha offering all excellent features, but some times it taking time to execute trade, it also not easily providing facility of option and future trading to new customers

  121. Riyaz says:

    Next level ###useful

  122. Bhawni Shankar soni says:

    Why I can’t buy more than 20000 share in one single order.please solve this problem.immidiatly

  123. JSLN says:

    Excellent !!!! Thankful to Zerodha & RBI

  124. Nishant says:

    nice 😀

  125. Benny C A says:

    Hi Nithin,

    Please introduce a fixed brokerage plans monthly/quarterly/yearly.

  126. Atanu Das says:

    Lovely initiative from RBI, it will increase liquidity and hassle free and thanks to Zerodha team for intending to implement this rule. Zerodha continuously doing changes for convenience of its customers. Thanks

  127. M B Agrawal says:

    This will improve the confidence of the investors in the system and facilitate to manage the funds in case of urgency.

  128. Sunil Kumar says:

    i was thinking some days ago about this change, and RBI read my mind thought. Very smart.

    Its very good step for the traders…
    Thanks RBI And Thanks Zerodha.

  129. Sanjay Choudhary says:

    Thanks a lot

  130. sudhin says:

    When can we place a request for the funds after selling in the cash segment? Is it on the day or T+2 days? More over say I have a balance of Rs. 50,000/- against which I have sold shares for Rs. 25,000 and purchased shares for say Rs. 10,000/- there by giving me a net balance of 50k-25k+10k=35 K, how much can be withdrawn? From my experience my cash with you is first used up and then the sale proceeds are considered on T+2 days, kindly clarify this point.
    Secondly ARE there any charges when we transfer funds to our trading account [FROM MY BANK to the zerodha trading account] directly through the portal now?
    Thanks

    • ESMAIL ABOOBAKER MEMON says:

      Zerodha should credit our ledger on the settlement date if i sell a share on monday settlement is on wednesday, so i should get credit of my fund in my BANK ACCOUNT ON WEDNESDAY ITSELF BY EVENING IS THE JUST AND FAIR, AND IF FUND NOT RECEIVED ON WEDNESDAY SOMEONE ELSE IS EARNING ON MY/OUR MONEY FOR THE SAID HOURS AND DAYS IS UNFAIR TRADE PRACTICES. ************** STOP WASTAGES. SWITCH OFF LIGHTS, FANS, AND AIRCONDITIONS WHEN NOT IN OFFICE{GOVERNMENT AND PRIVATE OFFICE STAFF REDUCE COST.}

  131. Rajesh says:

    That’s awesome.

  132. r.bhowmick says:

    nice step…..

  133. Haribabu says:

    wonderfull

  134. Ankit Kumar says:

    Good news amazing

  135. Manjunath says:

    This is really helpful

  136. paramanand says:

    Great . thanks to RBI.

  137. Vishwas it professional says:

    That’s great!

  138. Jagdish says:

    Good decision

  139. vineet says:

    Its Great

    • ESMAIL ABOOBAKER MEMON says:

      IT WILL BE GREAT ONLY WHEN YOU AND I GET YOUR AND MY FUNDS ON THE SETTLEMENT DAY ITSELF OR SOMEONE ELSE IS EARNING ON YOUR AND MY FUNDS FOR HOURLYS AND DAILY BASIS. ********************************* STOP WASTAGES. SWITCH OFF LIGHTS, FANS, AND AIRCONDITIONS WHEN NOT IN OFFICE{GOVERNMENT AND PRIVATE OFFICE STAFF REDUCE COST.}

  140. Manoj says:

    Awesome and Marvelous.
    Love you Zerodha but dont break our trust on you.

  141. av. guru says:

    All ready zerodha service is very good. This one next move for Rbi

  142. Vignesha says:

    Wah nice

  143. v shankar says:

    yes iam happy for this news zerodha

  144. Manee says:

    Good move!!…..I suppose it should work on saturday, Sunday & public holidays as well??

  145. Sunil Abraham says:

    This is certainly a great move.

  146. Hemant Thorat says:

    Great news…

  147. Ashoke says:

    Good initiative taken by RBI and heartiest thanks to zerodha for sharing this good news.

  148. SRG says:

    Pls make your software efficient, when heavy trade is there, some times trade is not executing,
    Offer o & f trading easily to new customers, it is became hectic

  149. Rishik says:

    I use HDFC. I never got my money on the same day forget instant withdrawals.

  150. suraj says:

    Good decision taken by RBI and Brokers must follow these guidelines beneficial for traders .
    Thanks RBI

  151. Duvvada Harish says:

    That’s amazing
    now we are free birds on financial status

  152. Satti Reddy says:

    This is Amazing! and very helpful to the zerodha account holders and Tanks to zerodha.

  153. Paresh says:

    Very nice

  154. Great says:

    Zerodha is number one Top Broker Service provider in India and From last few months i think to rise my Fund near 2,50,000 Crore rupees in my Zetodha account but Little bit Worried but day by day Zerodha grow step by step and Give best services so let see next few months more about services and team help if everything will be great then i will rise my fund 2,50,000 Crore Rupees in india with Zerodha in coming months…

  155. Nayeem says:

    Wooooooooo
    It’s a great good news for all thank a looooooot

  156. Nawab Singh says:

    Is there any minimum amount for pay out and charges for NEFT ? This service will be highly beneficial for all clients.

  157. Nitin chakne says:

    Its grt to nw that
    Very good zerodha…!!😊

  158. Saurabh Singh Baghel says:

    Thanks Zerodha…

  159. Partha Pratim Biswas says:

    Can i send withdrawal request on Saturday and Sunday also ?

  160. Somu says:

    Zerodha is climbing to newer heights. Please continue this wonderfully clean and pure-honest services to your clients forever Sirs… I read some bad reports online- about FTConline broker taking away a part of the clients funds without giving any proper reasons, when they make their 1st deposits.

  161. ESMAIL ABOOBAKER MEMON says:

    Zerodha should credit our ledger on the settlement date if i sell a share on monday settlement is on wednesday, so i should get credit of my fund in my BANK ACCOUNT ON WEDNESDAY ITSELF BY EVENING IS THE JUST AND FAIR, AND IF FUND NOT RECEIVED ON WEDNESDAY SOMEONE ELSE IS EARNING ON MY MONEY FOR THE SAID HOURS AND DAYS. STOP WASTAGES. SWITCH OFF LIGHTS, FANS, AND AIRCONDITIONS WHEN NOT IN OFFICE{GOVERNMENT AND PRIVATE OFFICE STAFF REDUCE COST.}

  162. Siddharth says:

    Excatly before which time we have to place withdraw request to get same day payment?????

  163. Shev Raj says:

    Since you have insta fund transfer arrangement with IDFCFirst bank, can you also make insta fund transfer back to IDFCFirst bank (within the fund withdrawal limits)?

  164. Priyanka says:

    Why doesn’t Zerodha use IMPS for withdrawals?

  165. ESMAIL ABOOBAKER MEMON says:

    Zerodha should credit our ledger on the settlement date if i sell a share on monday settlement is on wednesday, so i should get credit of my fund in my BANK ACCOUNT ON WEDNESDAY ITSELF BY EVENING IS THE JUST AND FAIR, AND IF FUND NOT RECEIVED ON WEDNESDAY SOMEONE ELSE IS EARNING ON MY MONEY FOR THE SAID HOURS AND DAYS IS UNFAIR TRADE PRACTICES. ************** STOP WASTAGES. SWITCH OFF LIGHTS, FANS, AND AIRCONDITIONS WHEN NOT IN OFFICE{GOVERNMENT AND PRIVATE OFFICE STAFF REDUCE COST.}

  166. siva says:

    how much time, i mean hours, would take to available in our account?

  167. Deepak Choudhary says:

    If we sell positional stock, That released amount can we transfer to bank account on same day?

  168. Vinod Menon says:

    Great work team.

  169. Manish says:

    I have account with HDFC but still Zerodha takes one working day.

  170. Devendra says:

    Very very good zerodha

  171. Sourabh Kumar wankhede says:

    Thanks Team Zerodha

  172. Rajan Kumar says:

    Wowww, Super

  173. Great says:

    Zerodha growing day by day with lots of blessings and top Honest services, i will give new 5 Crore peoples account to Zerodha in coming 5 years…Also will rise my personal fund 2,50,000 Crore Rupees in coming few months in India with Zerodha…

  174. hemant wadke says:

    Nice to know. Thanks to RBI.

  175. Praveenkumar says:

    what about the placing withdrawal timings

  176. Great says:

    Zerodha growing day by day with lots of blessings and top Honest services, i will give new 5 Crore peoples account to Zerodha in coming 5 years…Zerodha Provide number one Top Honest And Very helpfull services in India…Lots Of Blessings for Zerodha Group

  177. ram says:

    ALL DAYS HAVE FUN LETS enjoy WITH zR0dha

  178. RJ says:

    It’s a 24 hour world and this should have happened a long time ago. Better late than never…..

  179. Sanju says:

    Fantastic zerodha…
    Love you

  180. shashi says:

    Great!!!!!!

  181. Prashant says:

    Thats the reason why Zerodha is the best brokerage house… you people introduce features when others are even not thinking about it….
    thats great and I wish it will continue its tradition….

  182. Dharish S says:

    This is great feature. Thank you.

  183. Rajendra Kumar Sharma says:

    मैं यह चाहता हूं जीरोधा डिमैट अकाउंट से जो मैं पैसा विड्रोल करना चाहता हूं मेरे अकाउंट में वह सेम डे हो जाए यह मेरी आपसे रिक्वेस्ट है

  184. Vinod says:

    Wow great!

  185. Nishil akbari says:

    It’s very good decision. Because those people who can not able to manage they money problems, that people are now do it.

  186. VISHAL KUMAR MAHATO says:

    Thanks to RBI for this fantastic facility…

  187. Manish says:

    This decision was awesome for all investors for short term

  188. Raj says:

    Good news . Thanks to RBI

  189. raghavendra kolagal says:

    So if i place withdraw after trading close 3.30 pm so by when we will get funds into bank.. wt is the cut of time to place withdraw funds to get on same day

  190. Ravi says:

    It’s really need Important update.

  191. Sudhir says:

    I already have HDFC Bank Account still I use to get next day transfer.

  192. Prakash says:

    good news

  193. Naveen says:

    This is looks good for our need

  194. M.Inamdat says:

    Really it will be heplfull.

  195. Ajay says:

    Amazing!!!!!!!!!!

  196. Pankaj says:

    Its nice move but only if Zerodah dont reject your request for withdrawal without any reason. It seems you are trying to be most Honest broker on earth. Which may not be true as far as their technical Glitches are concerned.

  197. RP says:

    On T+2 Day, we don’t see updated amount before Payout deadline, so effectively we have to wait for one more day to submit payout request. I hope you will work out on this issue too so that user can get the amount on T+2 Day itself not on T+3 day.

  198. ChetanP says:

    That’s good news.
    Ahead of the competition, ALWAYS.

  199. Prasath.L says:

    Hi Zerodha Team……

    Good News…..I have been awaiting ….such a long time.

  200. Sreenivasa Rao says:

    Its Very Good News !!
    Congrats to Zerodha.

  201. Vikrant Tikas says:

    Thanks to RBI & Zerodha.

  202. Pradip Bhagat says:

    It’s Amazing for All …

  203. Prathamesh Ghag says:

    Ohh Great news to traders 👍

  204. Dnyandeep Lonarey says:

    Does it mean after 8.30 pm on same day?

  205. Umakant Salave says:

    Good…..

  206. yadunandan says:

    really thanks for quick process payment .ow really happy

  207. Mahesh Talaviya says:

    Woww Good News……………..

  208. Praveen says:

    In case of coin, Is this possible to have automatic fund transfer to linked bank account whenerver we make a redemption request?
    At present, on redemption of MF the amount is credited to zerodha wallet and we need to manually request for fund transfer to bank. I am looking for option to automatically transfer of fund to bank whenever any redemption is done.
    Pls advise.

  209. MANOJ says:

    THANKS TO RBI & ZERODHA ….

  210. Vinay N says:

    WOW superb…

  211. Bhagwati Prasad says:

    Its good decisions for fast working

  212. kushal says:

    finally was waiting for it to be released..

  213. Brij Mohan Sharma says:

    Great

  214. Ranjan sah says:

    A very good way to withdraw funds is to be legalized, sir.

  215. Raj says:

    Amazing!!! Great work guys!

  216. Newton Bubber says:

    Zerodha has one of the slowest process of PayOut in India among all brokers.

    Here are some instances:

    1) Zerodha does not do Payout even on working Saturday’s. Hence a PayOut which could have been made on Friday and received on Saturday usually ends up getting received on Tuesday (4 days of money being lying with you and customer paying interest to bank for those 4 days)

    2) Zerodha does not work on other Holidays even though it can receive money by UPI. All UPI transactions work 24*7, all year. Again the customer again loses

    3) Other thing that Zerodha executives says are “our processes does not allow quicker payout”. This is easy to say since money does not belong to Zerodha. The customer has to pay interest to bank if he has borrowed money

    4) You can even cancel a complete PayOut if there are DP charges and there is difference of 1 Paisa. You leave customer to manually calculate DP charges in order to make his PayOut. Even if there is difference of 1 paisa, you immediately cancel PayOut to customer. Zerodha makes NO attempt to calculate DP charges internally, subtract it from customer’s amount and make the PayOut for the remaining amount.

    5) The onus of ‘all calculations’ (such as DP Charges, Day’s Buying, Bank Transfer etc) are all dependent on ‘the customer’. He has to be CA to make these calculations to get his PayOut done, forget that he even has to do trading. If he make mistake of 1 paisa, his complete PayOut is canceled by Zerodha.

    We have raised this issue many times in last one year but nothing has happened. You have kept our money for longer duration. With Karvy misusing customer funds, your practice of keeping money with you for longer duration is NOT good.

    As such, we have trusted you to keep our securities. You could atleast make PayOut faster, keep your process cleaner and customer life easier.

    Regards,
    Newton

  217. Devendra Kumar says:

    Helpful for traders

  218. Pazhani says:

    Great News, THANK YOU.

  219. Rahul Verma says:

    Great Step taken by RBI very helpful for retail traders…

  220. Rahul p says:

    Why dont u start imps facility for payment upto 2 lakh rupees so that we get our money instantly , i think 95 percent users withdraw amount less than 2 lakh rupees and imps allows instant payout upto 2 lakhs

  221. Ram Ratan Singhal says:

    Truly it’s a Great change and through this kind of facility we can even maintain our average bank balance at a High amount.
    Keep it Up..
    Great Going..

  222. You can't know says:

    Zeordha ke aandh bhakt. Zeordha has done nothing it’s a mandate for banks that’s why it’s possible now.

  223. JAGVEER SINGH says:

    It’s really good

  224. Rakesh says:

    Good move.

  225. Vasudeo says:

    Auto payout of funds as practised by other brokers like Angel should be facilitated. It will be great for Zerodha

  226. Jitendra says:

    That is amazing change…..Thanks a lot Zerodha team !!!!

  227. Vijay Jadhav says:

    Is there a capping of Rs.50000/- per day for withdrawal?

    • Matti says:

      Hi Vijay. No, you can withdraw as much as you want from your account. The Rs.50k cap is only for instant withdrawals. You can still use the regular withdrawal option to withdraw funds.

  228. M Murugan says:

    Good Initiative by ZERO TEAM. God Bless Zerodha Team .

  229. Swaroop says:

    bahut acche !! dhanyavad aap ko.

  230. Udaya says:

    Can we inter transfer from commodities -equity vice versa

  231. Shanmugam B says:

    Good move by Zerodha Keep going on right track with millions of customer smile for next steps…

  232. Parth ramanuj says:

    Ohh wow super wark
    Jalso jalso ho

  233. SATISH BHAGAT says:

    So nice
    When it will started
    I will be so happy

  234. Tapos goshal says:

    Thanks to zerodha and RBI

  235. Dj says:

    MCX Bracket Order kob se suru hoga ??????????

  236. Kapil says:

    Zerodha has contract with idfc first bank…and its give 7% interest on zerodha demat account unused money….is that true??

    • Matti says:

      In afraid not. However, you can open an IFDC savings account, link it with your Zerodha account to make it a 3-in-1 account for seamless fund transfers and enjoy a 7 percent interest rate on the funds in your IFDC savings account subject to the bank’s terms.

  237. raja says:

    this withdrawal system for both equity and commodity ???

  238. atikatu says:

    good news

  239. Omkar kaushik says:

    Omkar kaushik says That s amazing

  240. nilanjan guha says:

    wow…..that’s great.
    This platform is the most friendly platform to trade for a new comer..

  241. Himanshu Srivastava says:

    That’s Great! Now slowly provide an option through which we can directly make payments using money in our zerodha account. Things like book tickets, online shopping etc. Not sure how to implement it technically but I’m sure you guys will find a way out.

  242. Sujeet Kumar Singh says:

    I like this payment system on same day,pay out procedure is easy and shortless,i am happy that instant money transfer,as like tickets book,. Thanks

  243. Shailesh Raval says:

    “SEBI requires brokers to send back unutilized client funds from trading accounts to the clients’ bank accounts at least once every quarter.”

    Can Active Traders have an option to choose when this unutilized fund is send back to our bank account? In other words, if we have such option, we can plan our trading activities and can make 2-3 days window available to zerodha so that zerodha can send back our so-called unutilized funds to our bank accounts.

    Make sense?

    At present, Zerodha randomly and arbitrarily performs this process without considering any adverse impact for traders. Active traders may get margin call and may suffer margin closeout if they have open positions and market decides to go against their positions.

    Zerodha claims to have block extra margin amount but that may not be enough. And if such margin closeout does happen to you, you are the sole victim of the process which was there just to protect you.

    I hope zerodha understands our pain and work something out to help reduce our pain.

    thanks.

    • Matti says:

      The settlement happens on a rolling quarter basis. We don’t really have much control over this, the way regulation is framed. I’m sure you appreciate that this is in place to safeguard your interests. If you’re an active trader, you’ll have utilised the funds in your account and needn’t worry about settlement to your bank account.

      • Shailesh Raval says:

        Thank You Matti,

        SEBI regulation requires brokers to send back unutilized client funds ,,,,,,, at least once every quarter

        How does SEBI define unutilized fund? No one is clear on definition. Zerodha defines unutilized fund as any amount available account in excess of blocked margin for all holding positions on the randomly and arbitrarily chosen specific day by its computer system. (because its staff or trader will never know when his/her turns is going to come) So in other words even if sum of all daily blocked margin amount for the quarter is 50 times your trading account balance, but if you have any excess amount on chosen day, amount will be sent back.

        Consider another scenario. You are active trader and you actively buy and sell almost every day.. If your sum of all your daily pay-in and pay-out even for a month is greater than 10 times of your account balance, what do you think is your unutilized fund? As per zerodha, any excess amount on chosen day. period.

        active or not, everyone has to worry about settlement to bank account. Intention is good. Implementation is gray..

  244. Brijesh Mistry says:

    I wish to start soon SWP / STP soon.

  245. Prince Haans says:

    Great Change,
    It will bring more flexibility and will help investors to maintain healthy free cash in demat account,
    Great going Zerodha

  246. Ayush Gupta says:

    nice idea..😍

  247. Mohit Bishnoi says:

    NEFT is upto 2 Lacs only. Can we make multiple NEFT requests or Is there a daily limit?

  248. Dhairyasheel says:

    This is a great news, i thought why i am not getting my funds immediately, now this is a right time. Thanks Zerodha. That’s why i referred to many times to all all friends.

  249. Parasmal Jain says:

    Please change my account from ICICI Bank to HDFC Bank

  250. Kartik says:

    In light of recent issues with HDFC bank, suggest to associate with at least 1 other major bank to diversify your operational risk..

  251. Ranjith Babu says:

    Excellent, really appreciated. Zerodha is trusty platform.

  252. MAHENDRA says:

    good job indeed!

  253. Dipak says:

    Please give one example with (future trade)understand same day withdraw.
    With profit and lose.

    • Matti says:

      Let say you had 50k in your account and you made a profit of Rs. 5000 trading futures. The settlement of this credit of 5k happens the next day (T+1). Since this credit is not settled the same day, it’ll not be available for withdrawal until the next day. Hence, you’ll be able to withdraw only 50k in this case.

      In case there was a loss of 5k, it’ll be debited from your trading account the same day. The withdrawable balance, in this case, would be 45k. Go through this support article to know more.

  254. Vikram says:

    I think zerodha has not implement it till date. I had placed withdrawal request yesterday (monday) at 21:30 hrs. But not got fund till now. Why are u just wasting time of clients.

    • Dnyaneshwar says:

      Same here, I placed withdrawal request yesterday but money got credited today morning. Also they say for HDFC bank fund will be credited instantly as it is intra transfer but I don’t see that happening. @Zerodha we need transparency in this issue.

      • Matti says:

        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.

        • Dnyaneshwar says:

          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!

  255. Venkatesh Prabhu Baskara says:

    Hello Sir,

    Good morning. Has the same day withdrawal been implemented yet. Please provide us clarity on the same.

  256. Malay says:

    Funds withdrawals are still received next day and not on same day. When is it going live ??

  257. Roopesh says:

    Please can someone clear when should we make payout/withdrawal request so that we can get back our money next day.. i made payout request yesterday before 8:30 pm at first it failed then at 10 pm i made request again and since then the status is just pending.. even though i have not traded for a day still my profit/loss amount is not added to final total.. withdrawal amount is still showing different amount..

    • Matti says:

      You have to make the withdrawal request before 8:30 PM. Since yours failed and you placed it again at 10, you’ll receive funds a day later.

  258. JVS says:

    IF I sell shares worth Rs 10000, if I place withdrawal on the same day, does amount gets credited to my account or should i wait for 2 more days?

  259. RANJIT DEB JANA says:

    I have placed request for withdraw on 24 th december but still not credited. where is 24*7 commitment. If ur corporate partner is not giving this service, then change the bank. why customers will suffer. RBI has announced 27*7 NEFT, why ur bank not giving this service. Please reply.

    • Matti says:

      Hey Ranjit. Changing the bank isn’t all that straightforward. Additionally, this is a temporary setback, and waiting for the bank to enable this is much more feasible.

  260. RANJIT DEB JANA says:

    And why process fund transfer only at day end.why it cant be two or three times a days.it will be much helpful for clients. thats the bare minimum we can expect from zerodha.

  261. Kenith udupi says:

    Even after 26th december its not implemented..
    When it will be implement.
    I tried many times after dec 16.

    • Matti says:

      Hey Kenith. We’re working with our banking partners to have this enabled ASAP. Unfortunately, at this time, 24×7 NEFT is only enabled for individual accounts like yours or mine, and not on the corporate transaction portal that the bank offers companies like Zerodha to transact.

      • Avinash says:

        What is RBI position on this? What directions they have given to banks on this matter? How long does HDFC Bank say it will take to facilitate this? Why don’t you use IMPS facility to payout small amount?

  262. Bhavik says:

    I dont know why people are becoming restless now about same day transfer.
    Atleast zerodha informed us and will be implemented as soon as Bank system are updated.
    Cheers to zerodha!!!! You still reply to everyone although they wanted you to change your Bank account too…

  263. Minu says:

    Other brokers are proceeding payout within few hours after the request initiated. But zerodha is processing payout request in the end of the day, which is so annoying. We wait for Monday for getting our funds in our bank’s if we have processed request for payout on second and fouth Friday of the monyh. Thats why customers are getting irritating. Please update your system.

    • Matti says:

      Hey Minu, we need to wait till the end of the day to complete the trade process after we receive files from the exchange to determine the withdrawable balance before processing withdrawals.

  264. Anand says:

    When will the withdrawal request placed at 10 pm on saturday be processed ?

  265. siva says:

    Today is 20-01-2019
    Same day funds withdrawal is still not implemented.
    When it will be available to Zerodha customers…..

    • Matti says:

      Hey Siva, 24×7 NEFT isn’t available for the corporate account we use for processing transactions by the banks. We are in touch with the banks and will go live once this is enabled.

  266. Jitendra says:

    Today is 20-01-2019
    Same day funds withdrawal is still not implemented.
    When it will be available to Zerodha customers…..

    • Matti says:

      Hey Jitendra, 24×7 NEFT isn’t available for the corporate account we use for processing transactions by the banks. We are in touch with the banks and will go live once this is enabled.

  267. Mathankumar says:

    Sir when will be the amount credited if I made payout on 2nd & 4th friday

  268. Rajani says:

    Even HDFC transfers are not instant yet as written in the article .. I requested a payout and still to recieve

  269. Anonymous says:

    Bahut hi madarchod company hai zerodha..sab jhooth agar facility de nahi sakte to announce kyun karte hai. Zerodha mein acc matlab ..apka bal zero hona pakka hai.

  270. Muralikrishna Challagundla says:

    Really, when you guys are going to implement instant fund withdrawal to bank, its almost two months since RBI implemented 24*7 NEFT process still you’re struggling to implement instant fund withdrawal facility to bank. We didn’t expect this type of service from you Zerodha.

    • Matti says:

      Hey Muralikrishna, as the note on the top of the post says, 24×7 NEFT isn’t made available on the bank’s corporate transactions portal. We’ll go live once this happens. We are in constant touch with our banking partners to make this available at the earliest.

  271. Tamal says:

    Isn’t it time for you to change your banking partner. First Dec. 10, you announce it. Second 16 Dec, your banking partner ask for clarification from RBI. Third, your banking partner does not have same day withdrawal …. blah blah blah. Shouldn’t you be working on the reverse chronological order? 2 months is good enough time to implement this thing unless someone wants to give lame excuses. BTW, today is 3rd Saturday, I have a placed a request yesterday before 8pm which is processed but it is not credited to account.

  272. Mallikharjunarao B says:

    Your fund withdrawal process has become a joke of late. I put a request yesterday before 5 PM and yet to receive the credit even at 1 PM today. It is getting delayed for the last few months. Who would you blame for this now?

  273. ANKIT CHAUHAN says:

    still not implemented?

  274. Raghu says:

    Withdrawl process seems like a big cheating and scam..once the trade is settled, y are u taking that much time to process with draw? i saw withdrwal eligible amount and based on tht i tried to with draw…its failing due to no withdrwal limit..kindly implement instant/imps withdrwals..you can not hold the customers money for days saying junk reasons

    • Matti says:

      Raghu, we are working on instant withdrawals. However in the meanwhile, as long as you have clear unencumbered balance available in the account, the withdrawal request would be processed.

  275. Ankit Chauhan says:

    What’s the update on this????

  276. Kishen says:

    Request refresh of Zerodha fund transfer policy mentioned in online help guides & FAQ’s

    Can you please update the Zerodha online help guides & FAQ’s to reflect the current policy of Zerodha on withdrawal of funds through NEFT/RTGS/Any other. Not sure if they are dated or current as on date. Can you please put a last updated date/ time stamp on the help guides & FAQ’s & move the dates to the current date if there are no changes.

    Could you please provide the following clarifications for withdrawal of unencumbered funds from Zerodha:

    1. RBI as on Dec 2019 allows for 24x7x365 NEFT transfers. Does Zerodha follow the same if a request for withdrawal of unencumbered funds is placed on the Zerodha portal?

    2. What is Zerodha’s preferred method of transfer for unencumbered funds showing as available for withdrawal – NEFT or RTGS or any other ? Since RTGS is not available 24x7x365 under what conditions will you be using RTGS?

    3. Are there any charges from Zerodha for withdrawal or deposit of funds using NEFT or RTGS by Zerodha?

    4. Currently Zerodha customers only get a message that the request for fund withdrawal has been successfully processed. Can you add the Transfer method and reference number for the transaction because without this information the message is of little value.

    • Matti says:

      1. While NEFT has been made available 27×7 on the retail netbanking portal, the corporate banking portals still follow the old timings. We’re following up with the banks to have this updated, however, this isn’t something that’s in our control.
      2. We use NEFT/RTGS depending on the transaction amount. If the withdrawal is less than 2lk, it’s NEFT.
      3. No.
      4. The transfer reference details are emailed to you once the bank shares these details.

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