A withdrawal request from your 5paisa account may get rejected at three different stages of the verification process. Here’s a detailed breakdown to help you understand why a request might be rejected:

1. During Verification at 5paisa:

• Insufficient Margin: The request may be rejected if there are insufficient funds in your account to cover the withdrawal amount after accounting for required margins.

2. During Verification at 5paisa’s Bank:

• Invalid IFSC Code: If the IFSC (Indian Financial System Code) provided is incorrect or invalid, the request may be rejected by 5paisa’s bank.

3. During Verification at the Client’s Bank:

• Invalid IFSC Code: Similar to the bank verification stage, an incorrect IFSC code can lead to rejection.
• Closed Bank Account: If the bank account to which the funds are being transferred is closed, the request will be rejected.
• Other Bank-Specific Issues: Any other discrepancies or issues specific to the client’s bank, such as account details mismatch, can also result in rejection.

Key Points to Avoid Rejection:

• Ensure Sufficient Margin: Verify that your account has enough funds to cover the withdrawal amount after accounting for margins and other deductions.
• Double-check IFSC Code: Make sure the IFSC code provided is correct and valid.
• Verify Bank Account Status: Ensure the receiving bank account is active and all details are accurate.

By understanding these potential rejection points, you can take proactive steps to ensure your withdrawal requests are processed smoothly.