Yes, you can easily transfer money from your Zerodha trading account to your registered bank account. Zerodha provides a streamlined process for withdrawing funds directly to your linked bank account.
How to Withdraw Funds from Zerodha
To initiate a fund withdrawal, you typically need to log in to your Zerodha account (via Kite or Console) and navigate to the "Funds" or "Withdrawal" section. Here, you can specify the amount you wish to transfer to your registered bank account.
Understanding Fund Withdrawal Processing Times
Zerodha processes fund withdrawal requests efficiently, though the exact time it takes for the funds to reflect in your bank account can depend on your bank and the chosen transfer method.
For accounts held with any bank other than Zerodha's primary banking partners, Zerodha facilitates the transfer through NEFT/RTGS. Here's how the processing typically works:
- Processing by Zerodha: Withdrawal requests are uploaded for NEFT/RTGS transfers.
- Bank Processing: The NEFT/RTGS transfer is processed by the bank first thing on the next day morning.
- Credit to Account: The funds will then be credited to your bank account before the next day evening.
This means if you place a withdrawal request today, the transfer details are uploaded, and the actual bank processing for NEFT/RTGS will commence the following morning, with the funds appearing in your account by the evening of the next day.
It's important to note that withdrawal requests are typically processed on working days. Weekends and public holidays may extend the processing time. Always ensure the bank account linked to your Zerodha trading account is correct and updated to avoid any delays in receiving your funds.
For more detailed information on fund withdrawals, you can refer to Zerodha's official guidance on their Z-Connect platform: Zerodha Fund Withdrawal from Trading Account.
