How to Cancel a Withdrawal Request in Zerodha?
Zerodha has one such feature the option to withdraw funds from your trading account, or you can also cancel it before the withdrawal request is placed. So here we will discuss about how to cancel a withdrawal request in Zerodha.
Step-by-step Guidelines on How to Cancel a Withdrawal Request in Zerodha
So before learning how to cancel a withdrawal request, it is important to know how to Zerodha withdrawal process works as we already discussed this topic in another blog here you can check it out. Zerodha allows users to withdraw funds from their accounts and transfer them to their registered bank accounts.
So the process will proceed during specific hours on working days and at that time only you can cancel your withdrawal request. So here are the given step-by-step guidelines to cancel a withdrawal request in Zerodha:
1. Open the Zerodha App.
2. And then click on the Profile tab.
3. Tap on the Fund option.
4. Now Click on the Withdraw button
5. Then click on the Cancel request button.
6. Now the message will pop up on your device screen “Withdrawal request cancel”.
Note: You can only cancel your withdrawal request within 24 hours before the request is placed.
Key Points to Keep in Mind for Zerodha Withdrawal Request
Here are some key points to keep in mind for Zerodha's withdrawal request:
- Plan your withdrawal timing accordingly, to avoid submitting requests that you might want to cancel, and plan your withdrawal around your trading and fund needs.
- You can contact Zerodha Support if you're facing any issues here.
- Double-check before submitting as it is essential to review the withdrawal request.
- Partial withdrawal instead of withdrawing the large amount, or consider making smaller, or partial withdrawals.
Conclusion
In conclusion, Zerodha offers a simple and easy process for the cancellation of a withdrawal fund request, but it’s important to know that once you submit your withdrawal request, and it places then you can’t cancel the withdrawal request. So to avoid any problems they always try to double-check the amount and time before confirming the withdrawal request.
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