How To Withdraw Funds From Kotak Securities?

Want to know How to Withdraw Funds From Kotak Securities? Follow our step-by-step guide. Hence withdraw your money safely and easily. Here the fund withdrawal process takes place instantaneously.

But before withdrawing the funds, let's understand how long the money will take to transfer into the account. Because the Kotak Securities app gives the expected time for the withdrawable amount.

Steps To Withdraw Funds From Kotak Securities:

1. Open the Kotak Securities app on Mobile/Web.

2. Click on Funds.

3. Click “Withdraw”.

4. Enter the amount to be “withdrawn”.

5. Click on “Withdraw Money”.

Note: You need to have some balance in your account to withdraw the funds.

Withdrawal Timings in Kotak Securities

1. If the fund withdrawal takes place before 4 PM on business day then the fund transfers take place on the same day.
2. But after 4 PM if the withdrawal is done then the amount will be transferred on the next day.
3. When the withdrawal is from selling the shares then it will take at least 2 days for the money to get into the bank account.
4. If the withdrawal request is made on a weekday or holiday then the fund transfer process will take place on the next business day.
5. For margin amount the withdrawal happens on the same day.
6. If there is a system issue then there can be a delay in transfers.

Also, Check - How to Add Funds in Kotak Securities

Charges

When you deposit or withdraw funds from Kotak securities online then there are no charges.

But if the deposit is done by cheque then there will be a charge of Rs 50 + GST. And in case of withdrawal, the charge will be Rs 250 + GST.

The charges would be Rs.50 + GST for every cheque deposit. And, for withdrawal, it is Rs.250 inclusive of GST.

Conclusion

So withdraw your funds comfortably with Kotak securities. The only thing you have to pay attention to is on which day you are withdrawing the funds. On that basis, the amount will be transferred to your account.