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Zerodha Raises Instant Withdrawal Limit To Rs 5 Lakh, Extends Timings
Sentiment: NeutralHigh Priority
What Happened?
Zerodha has increased its instant withdrawal limit to Rs 5 lakh, allowing customers to transfer funds from trading accounts to bank accounts. The service is now available from 9 am to 6 pm, including weekends.
Key points
- The instant withdrawal limit has been raised from Rs 2 lakh to Rs 5 lakh per day.
- Customers can now request withdrawals from 9 am to 6 pm, including weekends and holidays.
- The service remains free of charge for users.
- Withdrawals can start from Rs 100, but only one request is allowed per day.
- Funds added on the same day are not eligible for instant withdrawal.
Key insights
- The increase in withdrawal limits may attract more investors to use Zerodha's platform.
- Extended hours for withdrawals could lead to increased customer satisfaction and usage.
- The changes do not alter the underlying eligibility requirements for fund transfers.
Why it matters
This update allows Zerodha customers greater access to their funds, enhancing flexibility in managing investments.
Entities
Zerodha· CompanyNithin Kamath· Person
Source
Times Now
