Friends, are you also trading in the stock market with the help of the trading platform of upstox and want to withdraw your money?
In today’s time, we have noticed that people who are trading with the help of upstox are finding it very difficult to withdraw their money.
If you are also facing a similar problem then kindly please read this article till the end.
To transfer your money from Upstox’s platform to your bank account, you have to follow one simple method and this procedure is something like this.
Step 1: Open Upstox mobile application.
Step 2: Login into your account by using login credentials.
Step 3: Click on Funds at the bottom bar.
Step 4: Insert the amount you want to withdraw and submit the request.
Step 5: Wait for at least 2 working days.
Some points to remember while withdrawing money from Upstox
The unique feature of Upstox’s platform is that it allows you to trade in both, commodities and equities, but you must add money separately for each of these operations to start your trading on the same.
Similarly, if you want to withdraw your money then you’ll have to submit a request for each option separately.
You won’t be able to get all of your money from both of the platforms by submitting a single request on one platform.
You must know one more thing before withdrawing money from Upstox’s trading platform that t his platform does not allow withdrawal of fewer than 100 rupees. Most of the people are not aware of this and for this reason, their withdrawal request often gets canceled.
When you submit a withdrawal request on Upstox, you will receive a notification stating how long it will take you to receive money from the Upstox application.
In most of all cases, you will receive your money in a time duration which is stated in the notification. That’s why you can trust this notification sent by Upstox’s team.
Some Keypoints to Remember
If you submit your withdrawal request to Upstox before 8 AM. on regular working days like Monday to Friday then your request of withdrawing the money will be processed before 2 PM. on the same day by the team of Upstox and you will also receive the money on the same day.
However, if you send a withdrawal request after 8 AM on working days, the money will be credited into your bank account on the next working day till 2 PM. according to things mentioned on Upstox’s platform.
The same applies for the 1st and 3rd Saturdays as well. If you submit the withdrawal request before 8 AM on both these days, then you will get your money before 2 PM on the same day.
But if you send the request after 8 AM, then you are likely to get the money on the next working day only. Even in the case of a Public Holiday, you get the withdrawals on the next working day only.
You must also keep in mind that if you added money to your trading account today then you will not be able to withdraw it on the same day and you must have to wait for at least one working day to get the same.
Similarly, if you earned money today by selling a stock then you will not end up receiving that money right away into your bank account and will have to wait for one to two working days to withdraw it.
Final Conclusion on How to Withdraw Money From Upstox
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