Zerodha increase instant withdrawal limit. (File Photo)
\n\nZerodha has enhanced its instant withdrawal facility, allowing customers to transfer up to Rs 5 lakh from their trading accounts to their linked bank accounts in a single day. The brokerage has increased the earlier daily limit of Rs 2 lakh by more than double, giving investors greater flexibility in accessing their unused trading funds. Alongside the higher withdrawal ceiling, Zerodha has extended the facility's operating hours. Customers can now place instant withdrawal requests between 9 am and 6 pm, including Saturdays, Sundays and stock market holidays. The service will continue to be available free of charge.
\n\nNithin Kamath, co-founder and chief executive officer of Zerodha, announced the revised features through a post on X on November 3. He also shared the scale of transactions processed through the facility since its launch in 2024.
\n\n"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. Since 2024, we've processed nearly Rs 1 lakh crore in instant payouts, completely free," Kamath said.
\n\nHow does Zerodha's instant withdrawal facility work?
\n\nZerodha's instant payout service enables eligible customers to…
Original source: https://www.timesnownews.com/business-economy
