When can I withdraw funds if I sell/close a position today?
Pay-out requests are valid for 5 calendar days. Hence, you can place a request to withdraw your funds on the trading day itself and the funds will be credited to your bank account after the settlement of the trade.
In India we follow a rolling settlement cycle, which means that delivery trades are settled as follows:
- Equity- 1 trading day after the transaction date (T+1).
- Derivatives- 1 trading day after the transaction date (T+1).
The pay-out is initiated as soon as the funds are settled in your account, provided that settlement falls within the request validity period of 5 calendar days.
Pay-out requests are processed depending on the fund balance held in your account.
For example, you place a withdrawal request for Rs. 1 lakh and you have only Rs. 50,000 available in your trading account. In this case, a pay-out for Rs. 50,000 is issued and the request is considered to be completed.
On the other hand, if you place a pay-out request for Rs. 1 lakh after selling shares for this amount, the pay-out is issued after settlement of the trade (T+1).
| Request Time | Pay-out Time |
|---|---|
| Till 3:30 p.m. (on working days) | Processed at 3.30 p.m. which is the cut-off time for the day |
| After 3:30 p.m. (on working days) | 10.30 a.m. on the next working day |
| Standing Instruction | 3.30 p.m. on settlement day |
| Saturday and Holidays | No pay-outs |
- Geojit will be processing pay-out requests at 10.30 a.m, 12.30 p.m. and 3.30 p.m. on all working days
- Pay-outs are processed after considering trades executed during the day and applicable peak margin requirements.
- Any pay-out requests by clients having open MTF positions will be processed after market hours so as to account for any MTF-related shortages or losses.
The pay-outs are processed as per the SEBI circular
If you have registered a secondary bank account, you will have the option of selecting which account you want funds credited to.Still need help? Create Ticket
