Maximum withdrawal limit for the day

Can anyone please confirm what is the maximum withdrawal limit allowed per day.

I was unable to find this information in your FAQs or help articles, so reaching here.

Upto 90% of the funds available for withdrawal, subject to maximum of INR 5 lakhs, can be withdrawn using fast withdrawals.

For all other withdrawals managed via NEFT you can withdraw all the amount in your account which are not marked towards any obligation from your side to the broker.

Already saw these articles bhai. Let’s say I have 100 crores in available balance without any obligation ( I don’t have ) :sweat_smile: . Is there any upper limit per day?

Ok…:sweat_smile: over to @Dhan

Hi @Funancee, there is no maximum limit on withdrawals. You can withdraw any amount up to your available balance at your convenience.

FYI it’s only once a day so plan your withdrawals accordingly for the 100 crores :slight_smile:

Its your money, there is no limit on withdrawals @Funancee unless anything is pending settlement.

We are moving more funds to Instant Withdrawals via IMPS in the coming days, unless there is a limitation set by the bank or user. Will go live in this month… @t7support @Funancee @nitishbangera

2 Likes

Dhan better than Zerodha who places a withdrawal limit of Rs.5Cr a day.

@PravinJ This is great news. I have the following 2 questions

1: Will I be able to withdraw multiple times or is it still once a day?
2: Will IMPS be the default option or will it be a choice between the current one and the new IMPS one?

Hey @nitishbangera, Withdrawals will continue to remain once a day. This helps safeguard margin utilizations, and avoid any potential penalties. Also, there won’t be any changes on the frontend for you. It will remain the same withdrawal flow, but with our updated backend process, we are working on a flow where you will receive funds faster via both IMPS & NEFT methods.

@Radhika, my question remains the same: if the amount shows up as “Available for withdrawal”, ideally it means that the margin utilisation is handled and the value shown can be withdrawn. If there are margins taken then that value would be subtracted and won’t show up in “Available for withdrawal”. Is my understanding correct or is there some other magic math involved? If yes, then please explain. If not, then please logically explain why we can’t withdraw the amount mentioned in “Available for withdrawal” more than once?

Yeah exactly I faced issue many times and still facing issue because of this 5 crore limit.