Have you made some handsome profit and would like to withdraw funds from your HDFC Securities Demat account. But do you know how to withdraw money from HDFC Securities? Here’s a quick guide.
One can withdraw funds either through the HDFC Securities app or the web terminal. If you are using the app, then:
- Login to your app. This takes you to the homepage and from there you can open the side menu.
- In the side menu list click on “Fund Limit”.
- This takes you to a new page where you will see two options, “Add funds” and “Release funds”. Click on “Release Funds”.
- In the next window, you can check the details of the “Amount available for release”. Just in case, you can also check out the Payout Book Report for which the link is available on the same window.
- Enter the “Amount to be released”. And then click on the “Release now” button at the end of the window.
The same functionality is also available on the HDFC Securities web terminal. First of all login to the HDFC Securities website and then:
- Click on the “Limits” tab in the menu.
- Next, select the “Payout” option from the menu that appears on clicking.
- Now you will be able to see detail about the amount that is available for transfer.
- Enter the amount you wish to withdraw. And then click on “Payout Request”.
This is how you can withdraw the amount to your bank account that is already linked to this HDFC Securities Demat account. However, before you go ahead here are some points you should be aware of:
- HDFC Securities informs that the payouts will be processed at the end of the day.
- After requesting a payout, you can still trade with the same funds till the market closes.
- A new payout request will override the earlier payout request for the day.
This is how to withdraw money from HDFC Securities in some simple steps.
In case you have any other issues regarding HDFC Securities, take a moment to reach out to us with your problem and we will get back to you with a sure-shot answer asap.
