Try to understand the instant withdraw working flow at Dhan

[onkar]

Hello @PravinJ @RahulDeshpande

Dhan claimed, his industry first fast withdraw work at best, placed a withdraw request from my wife account and mornig around 8:30 AM. and still the same is pending.

Anyone want to share there views?

I am using other brokers as well they introduce the same after Dhan relase the same, but they really fast. sometime got the money in account within 5 minutes.

Thanks

[PravinJ]

Hi @onkar

Sure, explaining how Fast Withdrawals on Dhan works.

Everytime you trade, your margin (and hence cash obligations) are subject to the settlement of trades. There is always an amount of capital that is available for withdrawal which is shown on Dhan. If you haven’t traded - this full amount is available, if you have traded - a partial amount is available.

Now depending on the Bank (at PG) and your Bank, they have individual limits for IMPS transactions - which is highlighted as amount that is available for Fast Withdrawal. If you withdraw an amount equivalent to that, it comes to you via IMPS. If an amount is higher than that, then it is processed via NEFT.

I understand some brokers have introduced similar feature following Dhan, we have tested that and it usually is only ‘clear balance’… which usually means if you haven’t traded in past 24/48 hours.

Most users also add funds and also traded the same day, as well as want to withdraw. In such scenarios, its important to understand that the funds added to trading accounts reach the broker’s bank the next day (or post settlement cycles between banks and payment gateways involved). In such cases, Dhan does not have your money - so we can’t process withdrawals before we get the money and it is seen in the Bank.

This is simplified way, ofcourse there are many nuances here - like margin reporting, multiple checks before withdrawals are processed on internal systems, check, balances and approvals - before the payouts are usually processed. We optimise many of this on our end, however the last leg is usually the processing time taken by payment gateways and the banks.

Hope this explains.

[onkar]

Thanks @PravinJ for getting back with detailed response.

In here case, she appiled for NTPC Green IPO using Dhan, and yestreday sell the IPO allotments aftre listing with gains.

So all day ammount is avialble to inversting further due to limit, but today morning after system updates around 8 AM the same ammount is aviable to withdraw.

So she raise the request to withdraw the same to apply upcomming or live IPO.

So can you please check, is shre able to withdraw in morning or not?

Thanks

[Pradumya]

Hi @onkar

Refer the screenshot below for understanding.

As you can see in my account, ₹7180 is available for fast withdrawal i.e. thru IMPS. So any amount below 7180 will be processed within 10 mins usually (in my case).

As soon as I enter the amount more than 7180 it clearly mentions withdrawal thru NEFT. So in this case, usually it takes around 4-6 hours in my case.

So calculate accordingly for fast withdrawal eligibility, it is 80% of max withdrawal amount.

[Amardeep_Singh]

I understand your question, but I have another concern. Even though the fast payout option was available, when I attempted to withdraw approximately 2795, only 182 was processed. I received a message stating, “Partial payout processed due to settlement and margin obligations.” Could you clarify why this happened?