To withdraw money from your Zerodha trading account, you need to place a withdrawal request by logging into Zerodha Console. Withdrawal of money is completely free. As per regulations, the withdrawal money will be credited only to the bank account which is mapped with Zerodha.
1.First, you have to log in by entering ID and password, to the Zerodha console.
2.Once the dashboard will open. Click on the ‘Funds’ tab and select ‘Overview’, you will get the option of "Withdraw" on the right side.
3.After the new box is open, enter the amount you wish to withdraw in the "Withdrawal Amount" section and click on the "Proceed" option. The minimum amount you can withdraw is Rs.100.
4.After proceeding your amount will be transferred to your registered bank account.
5.Inside the "Recent withdrawal" option, you are able to see your previous withdrawal details also.
6.Additionally, this same process is applicable for mobile as well. On your mobile browser, open Console and enter the withdrawal amount then click proceed to place a withdrawal request.
1.You can place all the equity, F&O, and currency withdrawal requests before 8:30 PM, Monday to Friday, which is processed on the same day, and then credited to your financial balance within 24 hours.
2.You can place all the commodity fund withdrawal requests before 9:00 PM, Monday to Friday, which is processed the same day.
3.Money withdrawal requests are not processed on weekends i.e. Saturday and Sundays. Thus any request put on weekends will be processed only by Monday evening. Due to the COVID-19 pandemic, pay outs have been stopped being processed on Saturday, and shall be resumed once the situation gets normal.
Stock holdings funds are sold, and the profit of the intraday gets added to your withdrawal balance after two working days. F&O positions and F&O profits funds will get added to withdrawal balance after one day since in India the exchange follows a rolling settlement cycle. For example, If on Monday you sell your stocks, the funds which you received from the sale of respective shocks can be withdrawn only by Wednesday evening.
Note: Equity profits of Intraday will be available for withdrawal on T+2 (Trade day +2), and Intraday F&O profits will be available for withdrawal on T+1.
In the derivative, settlement trading cycle is T+1, If you close your derivative position on Monday then you will be able to withdraw the proceeds (MTM, margins) on Tuesday evening.
Zerodha fund withdrawal payout can be done only once in a day. Instance funds withdrawal is not possible. At the end of the day withdrawal file will generate after the trade process and calculation of clear balance in your respective account. This is the principal cause that maximum brokers do the only EOD payout.
It is really easy to go to funds in the menu and right below Corner one can find the withdraw button. Click on it and one will be redirected to Zerodha backend page and login from there. Enter the amount you want to withdraw and press enter. The withdrawal amount should reflect in bank account in 24hrs.
Zerodha making life easier for traders to withdraw funds from their accounts. You can do so via the "funds" option on your Zerodha account and place a withdrawal request. But ensure that you have all dues and penalties (if any) cleared; if not, the request might be canceled.