Zerodha: Zerodha has raised the instant fund withdrawal limit from Rs 2 lakh to Rs 5 lakh. Customers can now transfer larger sums from their trading accounts to their bank accounts using the instant withdrawal option. Zerodha co-founder and CEO Nitin Kamath announced on X that this increased limit will be accessible between 9 am and 6 pm, including weekends and market holidays.

Good News for Zerodah Users

The limit has increased directly from Rs 2 lakh to Rs 5 lakh, which is two and a half times higher. With this facility, customers who meet the criteria no longer need to wait for the usual withdrawal settlement cycle to access their funds. The previous limit of Rs 2 lakh has now been raised to Rs 5 lakh, representing a direct increase of Rs 3 lakh, or 2.5 times the former limit.

For example, if a client has a trading account balance of Rs 4 lakh (Rs 400,000), under the old limit, they could only withdraw Rs 2 lakh instantly. Now, subject to the conditions, they can transfer the entire Rs 4 lakh to their bank account in one transaction. This service is also available on weekends and market holidays, but the timing must be observed.

According to Nitin Kamath’s post, the Rs 5 lakh limit will be available from 9 AM to 6 PM. This period is not confined to market hours. Customers can utilise this limit between 9 AM and 6 PM on Sundays or market holidays. Therefore, it is important to check the time before submitting a withdrawal request. We’ve increased our instant withdrawal limit from Rs 2 lakh to Rs 5 lakh. It’s now available from 9 AM to 6 PM, including weekends and market holidays.

Instant payouts of approximately Rs 1 lakh crore since 2024

Zerodha reports having processed around Rs 1 lakh crore in instant payouts since 2024, with no additional charges to customers. With the increased limit, even larger withdrawals can now be made through this method.

How to Withdraw Money Instantly from Zerodha?

Using this feature is straightforward. After logging into your Zerodha account, follow these steps:

– Navigate to the Funds section.
– Choose Instant under the withdrawal options.
– Enter the amount you wish to withdraw.
– Click Continue and confirm the request.

Minimum Rs 100, one request per day only

According to Zerodha’s support documentation, the minimum withdrawal amount allowed per day via this facility is Rs 100, with a maximum of Rs 5 lakh. Additionally, only one instant withdrawal request can be made each day. For instance, if a customer requests Rs 1 lakh in the morning, even if they have Rs 4 lakh remaining in their limit, they cannot submit another instant withdrawal request that day. Therefore, it is advisable to calculate the total amount needed and submit a single request.

Eligibility for this facility

Certain conditions apply to instant withdrawals. Firstly, the trading account must have sufficient withdrawable balance. Secondly, funds deposited on the same day cannot be withdrawn instantly. For example, Rs 50,000 deposited in the morning cannot be withdrawn instantly on that day. Restrictions related to orders and positions also apply. Any pending or executed orders or open positions in the account might affect instant withdrawals. Zerodha’s policies specify eligibility criteria for long-term (CNC) sell and MTF sell orders.