To withdraw money from your Zerodha trading account, you need to place a payout request. Payouts refer to the transfer of funds from your Zerodha trading account to your bank account.
You can initiate a payout request using Zerodha’s Kite app, Kite web, or Console. Once you have initiated a payout request, Zerodha will process it based on cut-off time which is explained in section below.
How To Withdraw Money from Zerodha Account
You can follow these simple steps to withdraw funds from your Zerodha account through Kite app, Kite web, or Console:
#1. Withdraw Money from Zerodha Through Kite App
Step #1. Log in to your Kite mobile app using your credentials.
Step #2. Tap on your user ID.
Step #3. Click on “My Account” and then select “Funds.”
Step #4. Click on “Withdraw”.
Step #5. Enter the amount to be withdrawn and tap on “Continue”.
Step #6. Verify the withdrawal details and “confirm” the request.
#2. Withdraw Money from Zerodha Through Kite Web
Step #1. Log in to your account and go to the “Funds” section.
Step #2. Click on “Withdraw”.
Step #3. Enter the amount to be withdrawn and click on “Continue”.
Step #4. Then click on “confirm” the request.
#3. Withdraw Funds from Zerodha using Console
To withdraw funds from Zerodha using Console, follow these simple steps:
Step #1. Log in to your Zerodha Console account.
Step #2. Click on the “Funds” option located on the top navigation bar.
Step #3. Click on the “Withdrawal” option.
Step #4. Enter the amount you want to withdraw.
Step #5. Click on “Continue” and then “Confirm” to complete the withdrawal request.
Once your withdrawal request is successfully processed, the funds will be credited to your registered bank account by the evening.
Things You Must Know
- If you add funds to your account during the day, you cannot withdraw them on the same day.
- If your account balance decreases after the end-of-day trade process, your withdrawal request may be rejected or a lower amount may be transferred.
Cut-Off Time for a Fund Withdrawal Request with Zerodha
Zerodha processes fund withdrawal requests based on specific cut-off times as shown in the table below.
If a request is made before the cut-off time, the funds will usually be credited to the bank account within 24 hours from the cut-off time.
However, if the request is made after the cut-off time, an additional working day (up to 48 hours in total) may be required for the funds to be credited to the bank account.
| Withdrawal Day | Cut-off time for equity, FO, currency | Cut-off time for commodity |
| Weekday | 10:00 PM | 8:00 AM |
| Saturday | 4:30 PM | 4:00 PM |
| Sunday or Public Holiday | Withdrawal is processed on the next working day. | Withdrawal is processed on the next working day. |
If you have not received your funds yet, you have the option to raise a ticket for the same.
Funds Withdrawal After Selling Shares or Closing Positions
You can only withdraw funds from your trading account if they are available in the Withdrawable balance.
Withdrawable balance is the money that can be transferred from Zerodha account to the primary bank account. It represents the available balance for withdrawal after considering any unsettled trades or pending obligations.
After selling shares or closing positions, you can only withdraw the money once the trades have been settled. In Indian exchanges, the settlement cycle for all trading instruments is T+1 day, where T represents the trading day.
So, you can withdraw the funds only after one day of the trading day.
For Example (Equity segment)
Buying shares
- On Monday T day – You purchase shares.
- On Tuesday T+1 day – The shares will be credited to your demat account by the end of Tuesday.
Selling Shares
- Suppose you sell shares on Monday (T day).
- The funds will be credited to your trading account by the end of Tuesday (T+1 day). You can withdraw these funds from the trading account after Tuesday evening.
Example of F&O segment
- If you initiate a long/short futures or short position on Monday (T day).
- The credit obligation of funds, in the form of Mark to Market (MTM) or premium, will be settled to your trading account by the end of Tuesday (T+1 day). These funds can only be withdrawn from the trading account after Tuesday evening.
Zerodha Fund Withdrawal Charges
Zerodha does not charge any fees for fund withdrawals, making the process completely free. You can withdraw any amount that is above Rs 100 within your account balance without incurring any charges.
How To Add Money in Zerodha
You can add money in Zerodha using three different methods.
#1. Add Money in Zerodha using UPI on Kite Web
You can transfer the funds up to Rs. 2 lakhs for free using UPI.
Follow these steps to add money to your Zerodha account using UPI on Kite web:
Step #1. Go to the Funds tab.
Step #2. Click on Add funds.
Step #3. Enter the desired amount and choose UPI as the Payment mode.
Step #4. Enter your UPI ID linked to your bank account that is registered with Zerodha.
Step #5. Now, you will receive a collect request from Zerodha on your UPI app.
Step #6. Enter your UPI PIN and confirm the transaction. Do not initiate a new transfer to Zerodha’s VPA UPI ID from the UPI app. Only make the payment from the collect request.
Step #7. You will see the funds reflected instantly in your account under the Pay-in section in the Funds tab.
#2. Add Funds Using Instant Payment Gateway
You will be charged a payment gateway fee of Rs. 9 plus 18% GST per transfer when you add funds to your Zerodha account. It is important to note that the minimum amount you can add is Rs. 50.
Here are the steps for adding funds through net banking on Zerodha Kite:
Step #1. Click on the ‘Funds’ tab and select ‘Add funds’.
Step #2. Enter the amount you wish to transfer and choose the segment (equity or commodity).
Step #3. Select the primary or secondary bank.
Step #4. Choose Netbanking as the payment mode and click on ‘Continue’.
Step #5. Authorize the transfer on the net banking portal. If you face any issues, contact your bank’s customer support for assistance.
Step #6. After the payment is authorized, a window will pop up shortly displaying the transaction details and status.
#3. Add Money in Zerodha Using IMPS/NEFT/RTGS/Cheque
To transfer money to Zerodha, you need to add Zerodha as a beneficiary (payee) in your internet banking portal. Please find below the bank account numbers you will need to use:
| NSE/BSE (Equity, F&O, Currency) | MCX (Commodities) | |
| Bank name | HDFC Bank | HDFC Bank |
| Account title | ZERODHA BROKING LTD | ZERODHA COMMODITIES PRIVATE LIMITED |
| Account number | ZERNSE | ZERMCX |
| Account type | Current account | Current account |
| Bank branch | Sandoz Branch, Mumbai | Sandoz Branch, Mumbai |
| IFSC | HDFC0000240 | HDFC0000240 |
Zerodha’s bank account numbers consist only of alphabets, which is different from the usual bank account numbers that contain digits. However, if your bank does not allow accounts that have alphabets, you can use the alternate account details provided below:
| NSE/BSE (Equity, F&O, Currency) | MCX (Commodities) | |
| Bank Name | HDFC Bank | HDFC Bank |
| Account Title | ZERODHA BROKING LTD | ZERODHA COMMODITIES PRIVATE LIMITED |
| Account Number | 57500000302010 | 05230340002150 |
| Account type | Current account | Current account |
| Bank Branch | HDFC Bank, Richmond Road, Bangalore | HDFC Bank, Richmond Road, Bangalore |
| IFSC | HDFC0000523 | HDFC0000523 |
Below is the specified duration for IMPS/RTGS/NEFT transfers:
| Method | Time taken | Charges |
| IMPS | Within 10 minutes | Free at Zerodha, bank charges may apply |
| NEFT/RTGS | Within 2 hours | Free at Zerodha, bank charges may apply |
In case you do not see the funds in your Zerodha account within the specified timeline, please create a ticket.
Conclusion
If you have any question regarding how to withdraw money from Zerodha, let me know in the comment section below.
