How To Instantly Withdraw Money using Zerodha Instant Withdrawal

Finally, Zerodha has launched an Instant Withdrawal facility for users so now you can instantly withdraw money up to 25,000 from your Zerodha account through IMPS. Your money will be credited to your primary bank account instantly within a few seconds.

When using Zerodha’s Instant withdrawal facility, your funds are transferred instantly to your bank account. Prior to this feature, when you placed a withdrawal request on Zerodha, your money was transferred through NEFT and it took approximately 1 day to be credited to your bank account.

If you wish to withdraw an amount below 25,000, you can use Zerodha Instant Withdrawal to have the money instantly credited to your bank account through IMPS. Read also: How to change Zerodha Account Registered Mobile Number Online

How To Withdraw Funds instantly through Zerodha Instant Withdrawal

Before you proceed to withdraw money using Instant, please ensure that there are no open positions in your account. If you have any open positions, as shown in the screenshot below, you won’t be able to place an instant withdrawal request.

Zerodha Instant Withdrawal

Step 1: To withdraw money using Zerodha Instant, simply open the profile section and tap on the “Funds” option.

Zerodha Instant Withdrawal

Step 2: In the Funds section, you can see the available cash amount eligible for withdrawal. Simply tap on the “Withdraw” button and proceed.

Zerodha Instant Withdrawal

Step 3: Next screen, select the “Instant (Max 25,000)” option, enter the amount (below 25,000) and tap on the continue button. (The timing for instant withdrawal is between 10:15 AM and 3:00 PM.)

Zerodha Instant Withdrawal

Step 4: Next screen tap on the confirm button and process your transaction. If you want to add another bank account to receive money then you can add another bank account.

Zerodha Instant Withdrawal

Step 5: Done! your fund withdrawal request has been placed successfully.

Zerodha Instant Withdrawal

When will the money be credited to my bank account?

Once you place an Instant withdrawal request, your money will be instantly credited to your primary bank account through IMPS, and you will receive a confirmation SMS from your bank. (IMPS transactions are as fast as UPI, so your transaction will be completed within seconds.)

Zerodha Instant Withdrawal

You can log in to your mobile banking application and check your account transaction history to see if the money has been credited to your bank account. In my case, the amount was credited to my bank account instantly.

Zerodha Instant Withdrawal

Please remember that the current limit for Zerodha Instant withdrawal is INR 25,000, so you can’t withdraw more than this amount. If your withdrawal amount is higher, you can use the NEFT option, or you can place a second instant withdrawal request. (I am not sure if this will work or not).

Hope you like this new feature: Zerodha Instant Withdrawal feature allows you to withdraw money instantly through IMPS. Now you don’t need to wait 24 hours to receive funds in your bank account.

Previous articleHow To Change Groww Demat Account Mobile Number Online
Next articleHow To Change IDBI Bank Account Home Branch Online