All withdrawals apart from fast withdrawals (meaning those which are not processed via IMPS), are processed via NEFT. This means following payouts will be processed by NEFT:


  • Payouts above the value of 5 lakhs
  • Payout request of  more than 80% of withdrawable amount, 
  • Any payout requests made on weekends,
  • Any payout requests made on trading holidays, 
  • Any payout requests made on trading days but before 9 AM or after 5 PM


As a process, NEFT payouts are first approved by our risk & finance teams for margin obligations post which the payouts are processed. However, remember that post our approval, banks may sometimes take longer to actually credit the funds to your account.


Under regular circumstances NEFT payouts are generally processed within the following timelines:


Method

Withdrawal Time

TAT (timeline)

NEFT

12:00 am to 5:00 pm on settlement days

Same day 11.30 pm

NEFT

5:00 pm- 11:59 pm on settlement days

Next settlement Day 11:30 pm

NEFT

On weekends or settlement holidays

Next settlement Day 11:30 pm