Guide to Withdraw funds from Fyers Trading Account

Dear Traders,

Since there are several channels available to withdraw funds from your Fyers Trading Account, I wanted to write a step-by-step guide on how to withdraw funds without getting confused by the additional functionality provided in our trading platforms.

Currently, you can withdraw funds (Funds Payout) in 3 different ways:

1. Fyers Markets
2. Fyers WebTrader
3. Fyers Back Office

I will explain in detail how to use each of the above (trading platforms & back office) to withdraw funds without any hassles. An important point to note is that we do not accept offline requests for the purpose of safety & efficiency. Further, the funds you withdraw will get credited into your bank account within 24 hours (It depends on bank settlement – NEFT/RGTS/Intra-bank settlement).

1. Withdraw funds using Fyers Markets (Mobile App):

fyers markets funds withdrawal

When you log into Fyers Markets, just click on header icon “Dashboard” on the top left. You will get this Side Menu as shown above. Click on “Fund Transfer” and you will be redirected to the page below.

fyers markets payout request

At the top of the page, observe that there are two options. “Payin” & “Payout”. Click on Payout and enter the desired amount and click on “Request Payout” to initiate the transaction to withdraw funds.

funds transfer successful fyers

Once the payout request has been submitted, we will process the amount at the end of the day. Please note that, the request will be processed after checking the balance amount in your trading account. In the event that the amount entered is incorrect/inapplicable, the payout request will be rejected. So kindly check your ledger balance accurately to withdraw funds without any hassles. I repeat this for the sake of clarity, the payout is only successful after you get a credit in your bank account. The message displayed above is merely an acknowledgement of the receipt of the payout request. The process is just a few clicks using our mobile app.

2. Withdraw funds using Back office: The first step is to login to the back office. To access the page you will have to click on the image below.

fyers back office funds withdrawal

Select the “Sign In” icon and click on “Back Office” to start the process.

fyers back office funds transfer

Upon clicking the link above, you will be redirected to a login page where you will have to enter you login credentials to enter the back office.

fyers back office funds withdrawal

Select “Admin” from the Main Menu and click on “Pay Request”.

funds withdrawal from trading account using back office in fyers

In this window, click on the highlighted icon “Payout Request Add / Edit” to withdraw funds.

fyers funds withdrawal

In the highlighted section in this window, enter an amount that you want to withdraw and click on “Save”. You can also withdraw the entire amount by clicking on “Maximum Request Amount” check box. If you enter payout requests more than once, you will know how much funds you have already requested a payout for and each request amount will be added in the total. Once you click on “Save”, your work is done. We will process your payment at the end of the day.

3. Withdraw funds using Fyers WebTrader: To withdraw funds from this portal is easy too.

fyers web trader sign in

Click on “Sign In” and then click on “Web Trader” to be able to do the transaction.

fyers webtrader payout request

Once you are logged in using your credentials, you will need to select “Limits” from the main menu and then click on “Payout Request”. Just enter the amount and click on “Submit” to initiate the transaction.

fyers funds transfer submitted successfully

Once you click on “Submit”, you will get this acknowledgement. Click on “OK”. Please not that this is merely an acknowledgement that you have placed a payout (withdrawal) request. The transaction will be processed depending on the funds available in your trading account. Hence, we insist that you confirm your ledger balance before initiating the transaction just to ensure that it happens successfully.

fyers webtrader historical requests for payout

In this portal, you can also view your previous payout requests. You can track them based on the Request ID and status. However, you must check your ledger account in the back office or your bank account statement to confirm the transaction. As long as the amount you have entered is available in your trading account, withdrawal of funds will be successful. Hence, just double check so it is hassle-free.

Time period for funds to reach your bank account: If you request to withdraw funds (payout) before 6:00 PM, we will process the payment at the end of the same day. However, if you request to withdraw funds (payout) after 6:00 PM, the amount will be processed the next working day.

The timing depends on NEFT/RTGS settlements but typically, you will receive funds with 24 hours if you request before 6:00 PM and up-to 48 hours if you do it after 6:00 PM.

Reasons why the funds withdrawal can get delayed:
• Bank Clearing Holidays.
• Bank Holidays on Saturdays.
• Delay from the stock exchange in sending us files.
• Global Indices Expiries on the 3rd Friday of every month – This is because stockbrokers receive the trade files very late on such days as the settlement price is dependent on the opening prices of the US Stock market.

If you need any further clarifications, do ask me in the comments section below.

Happy Trading!

Tejas Khoday

Tejas Khoday

Tejas is the Co-Founder & CEO @ www.fyers.in, the youngest team to get NSE’s broker license. FYERS was started as a mission to enhance the terrain for traders and investors in India. He previously worked at Zerodha, Futures First & has been a professional trader for several years.

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Showing 22 comments
  • Nasarudhedn
    Reply

    Hi sir i am your client

    In the mobile app no conformation message coming some times i want to call and conform if u done in 4:30 instead of 6 we get money on same day pleass consider this on friday

  • Amarjeet Singh Kukreja
    Reply

    Is it possible to withdraw funds instantly?

  • Aadarsh
    Reply

    I have a question, can I withdraw any amount or is there any minimum amount? I had faced tis issue with my previous broker. That co. was hesitating to give payout as had to call and do it. They did not have online like yours. Is there any minimum withdrawal amount compulsory?

  • Madhu
    Reply

    It is 1:22 AM now, can I get withdrawal by tomorrow evening or morning?

  • Roopa
    Reply

    In my ICICI account, I can get withdrawal in a matter of seconds. Why does it take so long with Fyers? Hope I get my amount today end as written by you.

  • Ramesh
    Reply

    I have given payout request as mentioned. Will expect amt. in bank tomorrow mornign.

  • Sushovan Mukherjee
    Reply

    what document i have to submit for my current address because this is not my permanent address and can i send my signed account opening from through mail?

  • Manish
    Reply

    Can you give me payout of 25000 now? My client ID is FM0053. I have sent mail to support@fyers.in

  • Neelamkumar
    Reply

    Is there any way to get the pay out soon instead of waiting one whole day?

  • vibhor
    Reply

    Is there any charge for transferring fund from bank a/c to trading a/c and also while withdrawal of fund from the trading account to bank a/c?

  • Aniruddh
    Reply

    Can i withdraw funds anytime after 6pm?

  • Rakhi Pawar
    Reply

    Nice thanks for sharing this “Guide To Withdraw Funds From Fyers Trading Account”,its really great because it is very important to know that information and it is useful for us.

  • Tejas Khoday
    Reply

    Nasarudhedn, we process all the payout files at 6:00 PM. Doing it before that is not feasible currently. As shown in an image above, you will get a confirmation the request has been successfully submitted. If you don’t get the message, check your internet connection / send us screenshot as applicable to support@fyers.in so that we can look into it.

  • Tejas Khoday
    Reply

    Amarjeet, realtime withdrawal is not possible as all withdrawals are processed only after daily settlements.

  • Nasarudhedn
    Reply

    Sir i requesting on friday because if sat bank off we got money on monday only sir thats y i asked u if u done payment before 4.30 on friday we got on evening thats y please consider this on future

  • Tejas Khoday
    Reply

    Roopa, ICICI direct is a direct subsidiary of the bank hence they have the real-time integration. As you know we are not a bank ourselves but we’re tied up with all the major banks in India. Since we get bulk requests on a daily basis from accounts from different banks, we process payouts at a particular to ensure efficiency.

  • Tejas Khoday
    Reply

    Sure.

  • Tejas Khoday
    Reply

    Hi Sushovan,
    1. You can submit your rent agreement as address proof.
    2. You can also open an account with your permanent address proof if you do not have a rent agreement presently.
    3. We require physical signed copies of the account opening documents.

    If you have any doubts, please call us: 080-46251111

  • Tejas Khoday
    Reply

    Manish, it is not a good idea to share your credentials in the comments section. You’ll get a reply from our team shortly.

  • Tejas Khoday
    Reply

    Nope, currently this is the procedure. The waiting time is extended to the next day due to clearing mechanism. NEFT/RTGS are not 24×7.

  • Tejas Khoday
    Reply

    Vibhor, the payment gateway charges ₹10/- + tax for transferring funds from bank account to trading account. There are no charges for withdrawals.

  • Tejas Khoday
    Reply

    Hi, you can place withdrawals anytime you want without any restrictions. Its just that withdrawal requests post 6PM will be processed the next day and it will take a little more time to get credited into your bank account. Other than that, it’s the same thing.

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