How Do I Withdraw Unsettled Funds from Upstox? A Step-by-Step Guide

If you’re an avid investor, you’ll know the importance of having your funds settled properly in your Upstox account. However, what happens when you have unsettled funds that you want to withdraw? For many investors, navigating the withdrawal process can be quite the challenge. With all the paperwork and fine print, it’s easy to get overwhelmed. But don’t worry, I’ve got you covered. In this article, I’ll guide you through the process of withdrawing unsettled funds from Upstox, so you can seamlessly get your money where it needs to go.

To start, it’s important to understand why you might have unsettled funds in your Upstox account in the first place. This could be due to a failed transaction, a refund, or an incomplete trade settlement. Whatever the reason, having unsettled funds in your account is not ideal. The good news is, with Upstox, you have a user-friendly platform that allows you to easily withdraw your funds. The process can be completed in just a few simple steps. In this article, we’ll break down the process step-by-step so you can get your funds quickly and easily.

Whether you’re a seasoned investor or just starting out, withdrawing unsettled funds can be a daunting task. You may be hesitant to even try, but don’t worry, it’s not as complicated as it seems. With Upstox, you have a platform that offers multiple avenues for withdrawing your funds. In this article, we’ll delve into each of these avenues and let you know which one is the best option for you. Once you have a clear understanding of the withdrawal process, you’ll be able to confidently navigate Upstox to get your funds where you need them to be. So, let’s get started!

Understanding Unsettled Funds

If you’re an investor, you know that there can sometimes be delays in the transfer of funds when you buy or sell securities. This is because of unsettled funds, which are funds that haven’t yet been fully processed or cleared for use.

Unsettled funds are an important concept to understand because they can affect your ability to buy or sell securities. For example, if you have funds that are still unsettled, you may not be able to use them to buy more securities until they have cleared.

  • Unsettled funds can appear in your Upstox account due to various reasons such as:
  • Partial execution of a trade
  • A portion of the funds are held back by the exchange as a margin while the remaining amount is credited to your account
  • A general delay in fund transfer between exchanges, banks, or depositories.

It’s important to keep track of your unsettled funds and monitor their status. Fortunately, Upstox makes it easy to see which of your funds are unsettled and when they are expected to clear. You can view your unsettled funds by logging into your account and going to the “Funds” section.

Once you have identified your unsettled funds, you should be cautious while placing any further trades or withdraw requests during this period. In case you attempt to withdraw unsettled funds, it will not be processed by your bank.

Fund TypeSettlement Period
EquityT+2 Days
Option / FuturesT+1 Day

As shown in the above table, different fund types have different settlement periods. It is recommended to keep a buffer amount aside and avoid placing trades against unsettled funds to avoid unexpected consequences due to unsettled funds.

Upstox Withdrawal Process Explained

Upstox is a popular online brokerage firm in India, providing commission-free trading options to its clients. Withdrawing funds from Upstox is a straightforward process that can be completed easily in a few minutes. In this article, we will explain the Upstox Withdrawal Process step by step.

Step by Step Guide to Withdraw Unsettled Funds from Upstox

  • Log in to your Upstox account and click on the ‘Withdraw Funds’ option from the ‘Funds’ tab on the dashboard.
  • Enter the amount of funds you want to withdraw and select the bank account you want to transfer the funds to.
  • Click on ‘Proceed’ and confirm the details of your withdrawal request.
  • You will receive a confirmation message on your registered mobile number and email.
  • The funds will be transferred to your bank account within 24-48 hours.

It’s important to note that you can only withdraw funds that are settled in your account. Unsettled funds, such as profits from recent trades, cannot be withdrawn until they are settled.

If you have any queries regarding the Upstox Withdrawal Process, you can contact the Upstox customer support team via email or phone. They are available to assist you with any queries or concerns.

Withdrawal Charges on Upstox

Upstox does not charge any withdrawal fees for bank transfers. However, if you want to withdraw funds through IMPS or NEFT, you may incur a nominal transaction fee. It’s always advisable to check the latest withdrawal charges on the Upstox website to avoid any surprises.

Conclusion

ProsCons
Easy and transparent withdrawal processWithdrawal of unsettled funds is not allowed
No withdrawal fees for bank transfersTransaction fees for IMPS and NEFT withdrawals
Upstox customer support is available to assist with any queries

The Upstox Withdrawal Process is simple and hassle-free, making it easy for traders to access their funds conveniently. However, it’s important to ensure that all funds are settled before initiating the withdrawal process to avoid any delays or complications.

Common Issues Faced During Upstox Fund Withdrawal

Upstox is a well-known discount brokerage firm in India. It offers its customers a seamless experience when it comes to stockbroking and trading. However, many individuals encounter issues when they try to withdraw unsettled funds from Upstox. Below are some common issues that individuals face while withdrawing their funds from Upstox:

  • Delayed Settlement: Upstox takes 2-3 working days to settle funds. Therefore, customers may face a delay in receiving their funds if they withdraw before the settlement period.
  • Minimum Withdrawal Limit: Upstox has a minimum withdrawal limit of INR 1000. If the user wants to withdraw an amount less than the minimum withdrawal limit, they cannot do so.
  • Insufficient Balance: One of the most common issues that customers encounter is failing to withdraw funds due to insufficient balance. The user must ensure that there is enough balance in their account before attempting to withdraw.

Undisclosed Charges

Another issue that many users face is undisclosed charges. Upstox may deduct charges for various reasons, such as account maintenance, transaction fees, and more. These charges may not be visible in the user’s account, and they may realize it only when they receive the funds. Therefore, it is essential to check for any undisclosed charges before initiating a withdrawal.

Customer Support

Several individuals have reported poor customer support while trying to resolve their withdrawal issues. In some cases, users have faced long waiting times to connect with customer support and have ultimately been left unsatisfied with the resolution.

IssuePossible Solution
Delayed SettlementWait for the funds to settle before initiating the withdrawal.
Minimum Withdrawal LimitEnsure that the withdrawal amount is more than the minimum withdrawal limit.
Insufficient BalanceMake sure that there is enough balance in the account before initiating the withdrawal.
Undisclosed ChargesCheck for any undisclosed charges before initiating the withdrawal.
Customer SupportReach out to customer support and explain the issue in detail to ensure a quicker resolution.

If users encounter any of the above issues or any other concerns with Upstox’s withdrawal process, they must reach out to the customer support team. This way, they can seek assistance and ensure a smoother withdrawal experience.

Tips to Resolve Upstox Fund Withdrawal Problems

Upstox is one of the leading discount brokers in India, offering a variety of investment services to its customers. However, there may be times when you face issues in withdrawing unsettled funds from your Upstox account. Here are some tips to help you resolve Upstox fund withdrawal problems:

  • Check your account balance: Before you initiate a withdrawal request, make sure to check your account balance. If your account balance is below the minimum balance required for withdrawal, your request may be rejected.
  • Verify your bank account details: Ensure that the bank account details linked to your Upstox account are correct and up to date. If there are any errors in your account details, your withdrawal request may not be processed.
  • Submit the correct withdrawal request: Upstox offers various options for fund withdrawal, including NEFT, RTGS, and IMPS. Make sure to select the correct option for your withdrawal request. If you select the wrong option, your request may be rejected, and the funds may be returned to your Upstox account.

If you have followed the above tips and still face issues with your Upstox fund withdrawal, you can contact the Upstox customer support team. They will assist you in resolving your issue.

Here is a table summarizing the withdrawal options available on Upstox:

Withdrawal MethodMinimum Withdrawal AmountMaximum Withdrawal Amount
NEFT₹100₹5 lakhs per day
RTGS₹2 lakhs₹25 lakhs per day
IMPS₹100₹2 lakhs per day

With these tips in mind, you can ensure smooth and hassle-free fund withdrawal from your Upstox account.

How Long Does It Take to Withdraw Unsettled Funds from Upstox?

If you’re using Upstox as your preferred trading platform, you’ll likely have some profit or unsettled funds that you’ll like to withdraw at some point. Withdrawing unsettled funds can take a bit longer than withdrawing settled funds. Unsettled funds are the funds that are available in your trading account but not yet settled. This may be due to ongoing trades that you’re still awaiting completion on or any other pending transactions.

  • Processing Time: Upstox takes up to 24 hours to process withdrawal requests for unsettled funds. The process of withdrawal starts after the trade is settled, and it is very important to note that there can be a delay in the settlement of trades. As such, withdrawing unsettled funds can take longer than expected.
  • Bank Processing Time: After Upstox processes the withdrawal, your bank also has to process the transaction. The processing time varies from one bank to another, but it typically takes around 1-3 business days for the funds to be credited to your bank account.
  • Weekends and Holidays: It’s important to note that weekends and holidays can also affect the processing time and delay the withdrawal of unsettled funds. If you request a withdrawal on a weekend or holiday, the processing time will start the next business day.

If you have any further queries about the withdrawal process or you’re unsure about any particular aspect of the process, it’s important to contact the Upstox support team for assistance.

Here’s a table to summarise the withdrawal process for unsettled funds on Upstox:

ProcessTimeframe
Upstox Processing Time for WithdrawalUp to 24 Hours
Bank Processing Time for Withdrawal1-3 Business Days
Weekends and HolidaysCan Delay the Process

Remember to exercise patience during the withdrawal process and ensure you withdraw unsettled funds only when it is absolutely necessary.

Upstox Fund Withdrawal Charges and Policies

If you’re looking to withdraw unsettled funds from Upstox, there are certain charges and policies you must be aware of. Here’s a breakdown of what you need to know:

  • Minimum balance: You must have a minimum balance of INR 1000 in your account before you can withdraw funds.
  • Charges for fund withdrawal: Upstox charges a flat fee of INR 20 for each fund withdrawal.
  • Withdrawal processing time: Upstox takes up to 24 hours to process withdrawal requests.

Upstox Fund Withdrawal Policies

In addition to the charges for fund withdrawal, Upstox also has certain policies that you must adhere to:

1. Bank account: You can only withdraw funds to a bank account that is linked to your Upstox trading account.

2. Withdrawal limits: You can only withdraw funds up to the amount of margin available in your account. Additionally, if you have any open positions, a portion of your funds may be blocked until those positions are settled or closed.

3. Unsettled funds: If you have unsettled funds in your account, you cannot withdraw them until they have been settled.

Upstox Fund Withdrawal Charges

Here’s a breakdown of the charges you can expect for different types of fund withdrawals:

Type of WithdrawalCharge
Normal WithdrawalINR 20
Instant WithdrawalINR 7 plus GST
Auto WithdrawalNo charge

It’s important to keep these charges and policies in mind when planning your fund withdrawals from Upstox.

How to Track Your Upstox Fund Withdrawal Request?

Withdrawing unsettled funds from Upstox can be done easily through your Upstox account. However, you may be wondering how to track the status of your withdrawal request. Below are some steps you can take to check the status of your Upstox fund withdrawal request.

  • Log in to your Upstox account using your credentials.
  • Under the ‘Funds’ tab, click on ‘Withdraw Funds’.
  • Click on the ‘History’ tab to see a list of all your withdrawal requests.
  • You can check the status of your request from the ‘Status’ column.
  • The status of your request will be one of the following: ‘Pending’, ‘Processed’, or ‘Rejected’.
  • If your withdrawal request is ‘Processed’, you can view the transaction details by clicking on the transaction ID.
  • If your withdrawal request is ‘Rejected’, you can view the reason for rejection by clicking on the ‘Reason’ column.

By following these steps, you can easily track the status of your Upstox fund withdrawal request. If you face any issues or have any queries, you can contact Upstox customer support for assistance.

It is important to note that the time taken to process your fund withdrawal request may vary depending on various factors such as the amount of the request, the mode of withdrawal, and other internal processes by Upstox. It is recommended that you check the status of your withdrawal request regularly so that you can stay updated.

StatusDescription
PendingYour withdrawal request is yet to be processed.
ProcessedYour withdrawal request has been successfully processed and the funds have been transferred to your bank account.
RejectedYour withdrawal request has been rejected due to certain reasons. You can check the reason for rejection from the ‘Reason’ column.

Overall, tracking your Upstox fund withdrawal request is easy and can be done in a few simple steps. By regularly checking the status of your request, you can stay updated and ensure a smooth withdrawal process.

FAQs: How do I withdraw unsettled funds from Upstox?

1. What are unsettled funds in Upstox?
Unsettled funds are the funds that have been credited to your account but are not yet usable for trading. This happens when you have sold shares, and the payment is due from the buyer, which takes two business days or T+2 days to settle.

2. Can I withdraw unsettled funds from Upstox?
No, you cannot withdraw unsettled funds from Upstox. These funds will be credited to your account after T+2 days, after which you can withdraw them.

3. How do I check my unsettled funds in Upstox?
You can check your unsettled funds in Upstox through the ledger report. Here, you can view the available balance, which shows the amount available for trading, and the cash balance, which shows the unsettled funds.

4. How long does it take to settle funds in Upstox?
It takes two business days or T+2 days to settle funds in Upstox. After two days, the funds will be credited to your account, and you can use them for trading or withdraw them.

5. Can I trade with unsettled funds in Upstox?
No, you cannot trade with unsettled funds in Upstox. You need to wait for two business days or T+2 days for the funds to settle and become available in your account for trading.

6. How do I withdraw settled funds from Upstox?
To withdraw settled funds from Upstox, you can go to the ‘withdrawal’ page on the website or mobile app, select the bank account from which you want to withdraw, enter the amount, and confirm the request. The funds will be credited to your bank account within a few business days.

Wrapping Up

Now that you know how to withdraw unsettled funds from Upstox, you can easily manage your investments and funds. Remember to wait for two days for the funds to settle before withdrawing them. Thank you for reading, and we hope you visit us again for more informative articles. Happy investing!