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 TimePay-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
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.

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