Zerodha increases instant withdrawal limit to ₹5 lakh, facility available on holidays too

Brokerage firm Zerodha has taken a significant decision for its customers by substantially increasing the limit for instant withdrawals. Under this facility, customers can now withdraw up to ₹5 lakh instantly in a single day, up from the previous limit of ₹2 lakh. This change will provide major relief to investors who need to transfer funds from their trading accounts to their bank accounts immediately.

According to a report today, Zerodha has not only increased the withdrawal limit but has also extended the time window for this facility. Customers can now use the instant withdrawal facility from 9 am to 6 pm. Most notably, this service will now be available on weekends, such as Saturdays and Sundays, as well as on public holidays of the stock market. Customers will not have to pay any additional charges for these facilities, as the service is completely free.

Nithin Kamath, Co-founder and CEO of Zerodha, shared this information on the social media platform X on November 3. He stated that since the instant withdrawal facility was introduced in 2024, the company has processed payouts worth approximately ₹1 lakh crore. He wrote on X, 'We have increased the instant withdrawal limit from ₹2 lakh to ₹5 lakh. This is now available from 9 am to 6 pm, including weekends and market holidays. Since 2024, we have processed nearly ₹1 lakh crore in instant payouts and this facility is completely free.'

According to the new arrangement, customers can send only one instant withdrawal request per day. Through this single request, an amount ranging from a minimum of ₹100 to a maximum of ₹5 lakh can be withdrawn. Using the instant withdrawal facility, customers can transfer money from their trading accounts directly to their primary linked bank account, eliminating the need to wait for the standard withdrawal process to complete.

To use this facility, customers must follow specific steps. First, customers need to log in to their Zerodha account. Then, they must go to the 'Funds' section and select the 'Instant Withdrawal' option. Subsequently, they need to enter the amount they wish to withdraw and confirm the request. This process will remain operational from 9 am to 6 pm, even on holidays, and no additional charges will be applicable.

However, increasing the instant withdrawal limit does not mean that the entire balance visible in the trading account can be withdrawn instantly. Certain conditions have been set for this facility. One important point is that if a customer's instant withdrawal request fails, that customer cannot send another instant request on the same day. In such a situation, the customer will have to use the regular withdrawal option.

Furthermore, this ₹5 lakh limit is only for the instant withdrawal facility. This does not mean that Zerodha customers can withdraw a maximum of only ₹5 lakh in a day. If a customer wishes to withdraw an amount higher than this, they can use the regular withdrawal facility. According to Zerodha's support documents, customers can send withdrawal requests up to ₹5 crore through their 'Console' platform. If the amount exceeds ₹5 crore, a support ticket must be raised with the brokerage firm. However, in regular withdrawals, funds are transferred to the bank account as per the standard processing schedule, and the 9 am to 6 pm time limit applicable to instant withdrawals does not apply.