When can the funds be withdrawn if the shares are sold or positions are closed today?
Withdrawals from the trading account are possible only when the funds are available in the Withdrawable balance. The proceeds from selling shares or exiting positions can only be withdrawn after the trades are settled. In Indian Stock Market, the settlement cycle for all traded instruments is T+1 day, where T means the trading day. Consequently, the funds will become withdrawable
after the EOD T+1 day.
Explanation of Today’s (20/12/2022) Technical Issue
Dear Customers, Quite a few of our customers faced issues in trading in the early market hours. Let me explain what exactly happened in today’s unforeseen and unfortunate incident. 5Paisa hosts its entire trading and back-office systems in Netmagic ...
How to Withdraw Funds from Trading Account to Bank Account?
This is to inform you about an important update in our Funds Payout Procedure i.e. Withdrawal of funds from your 5paisa Trading A/c to your Bank A/c. Effective from Monday, 12th Dec 2022 we will no longer be allowing the same day Pay-out of funds ...
What will happen after T+1 on receipt of delivery of shares?
5paisa will check whether you have cleared the debit arising from buying the shares or you have created a forward pledge for availing margin funding facility. Only after either of the condition is met, the shares will be transferred to Demat account ...
How can I pledge my shares for collateral margin?
Pledge can be created for following reasons. To avail margin funding facility if you wish you to carry forward your debit\ To avail margin benefit for taking intraday exposure To use shares as collateral to take positions in derivative segment. In ...
Can funds be withdrawn to the secondary bank account?
No, regrettably! Withdrawals cannot be made to the secondary bank account; they are only permissible to the primary bank account associated to your 5paisa trading account However, it is possible to convert the secondary bank account into a primary ...