What are the important Requirements that need to be fulfilled for Withdrawal of funds?
- Payout should be due as per exchange settlement norms.
- There should be clear credit in your account.
- You can withdraw the entire amount.
- It takes a minimum of 24 hours for the amount to get transferred.
Related Articles
What are the modes through which client can place a withdrawal request?
Client can place a withdrawal request via Electronic/Online Fund Transfer. For online funds transfer, IFSC code needs to be updated in client's account. In this method, funds get credited to client's bank account within 24 hours considering that the ...
Why client didn't received his funds as client have already placed his Withdraw request?
If a withdrawal request is raised before 4:00 P.M. on a working day, the funds will be deposited into client registered bank account with us by same day End of Day .(Excluding Algo/Greek and XTS traded customer). For Algo/Greek/XTS clients, request ...
I have forgotten to allocate enough funds for my Mutual Fund SIP order. Is my order liable to be rejected?
Yes, the order will get rejected if you do not have sufficient funds in your account. Hence it is important for you to maintain the required balance in your bank account or IIFL Securities Ledger.
Is the addition of Target Beneficiary demat accounts similar to add beneficiary accounts where funds are getting transferred ?
Yes, In simple analogy of banking, it is like before you do a fund transfer through RTGS/NEFT from your bank account, you need to add a beneficiary account where funds are getting transferred.
Is the addition of Target Beneficiary demat accounts similar to add beneficiary accounts where funds are getting transferred ?
Yes, In simple analogy of banking, it is like before you do a fund transfer through RTGS/NEFT from your bank account, you need to add a beneficiary account where funds are getting transferred.