No, you cannot withdraw funds on bank holidays or weekends if it’s a bank-to-bank transfer. Withdrawals made on holidays or weekends are processed on the next working day. However, some brokers offer instant wallet-based withdrawals even during non-working hours, but bank credits happen only on working days.
Why Are Withdrawals Delayed on Holidays and Weekends?
Withdrawals are delayed because banks and financial systems like NEFT and RTGS do not process transactions on weekends and national holidays. This delay affects fund transfers from trading accounts to your bank account. Even if you request withdrawal during a holiday, it will be processed on the next working day.
Can I Place a Withdrawal Request on a Holiday?
Yes, you can place a withdrawal request on a holiday or weekend using your broker’s app or website. But the actual fund transfer will happen only on the next bank working day. The request is simply recorded and queued for processing once banks reopen.
What Are the Standard Withdrawal Timings in India?
Most brokers accept withdrawal requests between 9 AM to 5 PM on working days. Requests placed before the cutoff time are usually processed the same day. If placed after the cutoff or on a holiday, the request is processed on the next working day. It's best to check your broker’s official timing.
Is Instant Withdrawal Available on Weekends?
Some brokers offer instant wallet-based withdrawal services, where funds are transferred to a wallet like UPI or instant payout gateway. However, crediting the amount to your bank might still face delays due to banking restrictions on weekends or holidays. Always confirm with your broker if they support real-time withdrawal features.
How Can I Ensure Faster Withdrawal Processing?
To ensure faster processing, always place withdrawal requests during working hours on weekdays. Try to initiate requests before the broker’s cutoff time. Also, keep your bank account linked properly and updated. Some brokers process instant UPI-based withdrawals which can be quicker even on weekends, depending on your bank.
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