How to withdraw money from Upstox? Friends, are you trading in the stock market with the help of the Upstox market platform, and do you want to withdraw your money?
Nowadays, we find that people who trade with the help of Upstox find it very costly to withdraw their money. If you have the same problem then please read this article till the end.
To transfer money from the Upstox platform to your bank account, you need to follow a simple and practical procedure.
Steps to withdraw money from upstox
- Step 1: Open the Upstox mobile app.
- Step 2: Log in to your account using your login credentials.
- Step 3: Click on Funds in the bar below.
- Step 4: Enter the amount you want to withdraw and submit the application.
- Step 5: Wait at least two business days.
There are a few things to keep in mind while withdrawing money from Upstox
The specialty of the Upstox platform is that it allows you to trade both commodities and stocks, but you will need to add separate funds for each of them to start your trading.
Similarly, if you wish to withdraw your funds, you will need to submit a separate application for each option.
By doing the same configuration on one platform, you will not be able to take all your money from both platforms.
One more thing you should know before withdrawing funds from the Upstox trading platform is that their platform does not allow withdrawal of less than Rs.100 crores. Most of the people do not know this and hence their request for repatriation is often denied.
When you request a refund in Upstox, you will receive a notification explaining how long it will take to receive the money from the Upstox app.
In most cases, you will receive your payment at the time specified in the notice. So you can rely on this notification sent by the Upstox team.
Some important points to remember
If you submit your request for withdrawal to Upstox before 8 am. Your return request will be processed on regular business days such as Monday through Friday at 2 PM. On the same day, the Upstox team and you too will receive the funds.
However, if you request a refund after 8 AM on business days, the funds will be sent to your bank account at 2 PM on the next business day. As mentioned on the Upstox platform.
The same applies to the first and third week as well. If you request to leave before 8 am on both days, you will receive your payment before 2 pm on the same day.
How much time it takes to withdraw money from upstox
But if you order after 8 am, you will receive payment for one more business day. Even on public holidays, you get a refund for any other working day.
You should also note that if you add funds to your trading account today, you will not be able to withdraw them that day and you will have to wait at least one business day to receive them.
Similarly, if you make money by selling shares today, you will not get the money in your bank account immediately and will have to wait 1-2 working days to get it back.
So Guys This is my own method to withdraw money from Upstox. I hope you find our article helped you, please do share and comment on your thought about Upstox instant withdrawal.