Unsettled funds in Upstox are the funds that are not yet available for withdrawal because they are still in the process of being settled. These funds typically represent trades that have been executed but not yet cleared. To withdraw unsettled funds, you can follow these steps:
1. Log in to your Upstox account and go to the ‘Funds’ section.
2. Click on the ‘Withdraw’ tab.
3. Select the bank account you want to withdraw the funds to.
4. Enter the amount you want to withdraw.
5. Click on the ‘Withdraw’ button.
The funds will be withdrawn from your Upstox account and credited to your bank account within 24 hours. Please note that there may be a processing fee for withdrawals.
Understanding Unsettled Funds in Upstox
Unsettled funds in Upstox refer to the funds that are in the process of being transferred from your trading account to your bank account or vice versa. These funds cannot be withdrawn until the transfer is complete and the funds have settled in your bank account.
The settlement period for funds in Upstox is typically T+2 days, which means that the funds will be settled in your bank account two business days after the trade is executed.
Steps to Withdraw Unsettled Funds from Upstox
- Log in to your Upstox account.
- Click on the “Funds” tab.
- Click on the “Withdraw” button.
- Enter the amount you wish to withdraw and select your bank account.
- Click on the “Withdraw” button.
Things to Keep in Mind
- You cannot withdraw unsettled funds.
- The minimum withdrawal amount is ₹100.
- There is a processing fee of ₹15 for each withdrawal.
- Withdrawals are processed on a first-in, first-out basis.
Table of Fees
| Withdrawal Amount | Processing Fee |
|---|---|
| Up to ₹10,000 | ₹15 |
| ₹10,001 to ₹50,000 | ₹25 |
| ₹50,001 to ₹1,00,000 | ₹50 |
| Above ₹1,00,000 | ₹100 |
Eligibility Criteria for Unsettled Funds Withdrawal
To be eligible to withdraw unsettled funds from Upstox, you must meet the following criteria:
- Your trading account must be fully funded and settled.
- You must have sufficient unsettled funds in your account to cover the withdrawal amount.
- You must not have any outstanding orders or positions in your account.
Additionally, Upstox may impose certain limits or restrictions on the withdrawal of unsettled funds. These limits may vary depending on your account type and trading history. It is recommended to check with Upstox directly for the most up-to-date information.
Step-by-Step Guide to Withdrawing Unsettled Funds
To withdraw unsettled funds from Upstox, follow these steps:
- Log in to your Upstox account.
- Click on the “Funds” tab.
- Select “Withdraw Funds.”
- Enter the amount you want to withdraw.
- Choose the bank account you want to withdraw the funds to.
- Click on “Withdraw.”
Please note that unsettled funds will take some time to reflect in your bank account. The time it takes will depend on your bank’s processing time.
| Withdrawal Amount | Withdrawal Fee | Processing Time |
|---|---|---|
| Up to ₹1 lakh | ₹0 | T+1 business day |
| ₹1 lakh to ₹5 lakhs | ₹10 | T+1 business day |
| ₹5 lakhs and above | ₹20 | T+2 business days |
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Alright folks, there you have it! Now you know exactly what to do with those unsettled funds in your Upstox account. If you still have any unanswered questions, feel free to give their support team a shout. And remember, it’s always a good idea to check back in later, as I’ll be updating this article with any changes or new developments. Thanks for stopping by!