Currently, the withdrawal process at Upstox takes a considerable amount of time due to the day-end brokerage cycle and billing process. These processes determine the final balance, after which the payout is processed. As a result, if a withdrawal request is placed during market hours, it may take over 24 hours to complete.

However, with our instant withdrawal facility, you can withdraw funds in under 15 minutes after placing a withdrawal request. A nominal fee of ₹23.5 (₹20 + 18% GST) shall be applicable for every Instant withdrawal request placed. 


Refer to the link to know How to Withdraw Funds from the Upstox Account.


Instant withdrawal timings

Trading dayWithdrawal request timeTime frame
Monday - Friday10 AM to 6 PMWithin 15 minutes on the same day (only via IMPS)


Eligibility Criteria for Instant Withdrawal:

  • Settlement: Funds can only be withdrawn after they are settled. Please refer to the settlement cycle for further details.
  • Pending Requests: Ensure there are no pending withdrawal requests before initiating a new one.
  • Withdrawal Limit: You can withdraw up to the available balance in your Upstox account.
  • Bank Requirements: IMPS must be activated on your bank account to process an instant withdrawal.
  • Trading Hours: Instant withdrawals are available from 10:00 AM to 6:00 PM (Monday - Friday). This feature is unavailable on trading holidays or settlement holidays.
  • Daily Limit: The daily withdrawal limit ranges from ₹100 to ₹5 lakh, which includes both securities and commodities wallets.
  • Open Positions: Ensure there are no open positions in your Trading or Mutual Fund accounts before initiating the withdrawal.
  • Multiple Requests: If you attempt to place multiple withdrawal requests exceeding ₹5 lakh or request funds on non-trading days, the request will follow the standard withdrawal process (refer to the withdrawal TAT).
  • Used Margin: The used margin, which represents the total amount utilized for open or closed positions, must be zero to proceed with the instant withdrawal.
  • Retry Limit: You cannot place a second instant withdrawal request until the first one is successfully processed.

Once your withdrawal is successfully processed, you will receive an SMS and email notification.


Related Article:

How can I withdraw funds from my Upstox account? 

Why is my fund balance lesser than what I expected? 

Why is my instant payout not credited to my bank account? (Deemed Success)?