Funds payout is where you can request us to transfer the amount lying as clear credit funds in your ledger balance to any of the bank accounts you have registered with us as per your choice. You can also add / modify your bank accounts registered with us. Click here to do that.
If you have given standing instruction and you sold shares from your DP account. Then funds payout for such sale would happen on T+2 days. Immediately on the next working day i.e T+3, these funds would be be processed and released to your primary registered bank account even without your explicit payout request since you have given a standing instruction. To know more about standing instruction click here
It is very easy to make a funds payout request and we have provided multiple options depending on the trading platforms you use. The payout request placed by you can be changed or cancelled as long as it is not processed. Payout request placed through NOW MOBILE platform would reduce the trading balance immediately while Payout request placed on ITS trading platform or through Tradeplus website would not reduce your trading balance immediately, but only when processed. Your payout request will be processed as per the timelines mentioned below:
|Segment||Time of payout request placed by client||Time of payout request initiated by Tradeplus|
|Equity||ALL PAYOUT REQUESTS RECEIVED UNTIL 5 PM ON ALL WORKING DAYS||ON OR BEFORE 11 AM ON THE NEXT WORKING DAY|
|Commodity||ALL PAYOUT REQUESTS RECEIVED UNTIL 8 AM ON ALL WORKING DAYS||ON OR BEFORE 11 AM ON THE SAME WORKING DAY|
1) Saturday/Holidays - Payout requests shall not be processed. Please note that NEFT/ RTGS fund transfer may take 2 to 3 hours from the time of authorisation at our end to credit your bank account if there is no technical issues at the bank end. For details of our working hours. click here
PLACING OF PAYOUT REQUEST
If you are using the ITS trading platform.
IN EXE version of ITS just click on the Payout option available in Fund Transfer menu as shown below and you will be taken to the payout page where you can place your request
WEB VERSION : Just click on the Rupee symbol and it will open the Limits screen. Click on the WITHDRAW FUNDS option to place your payout request.
MOBILE VERSION : Just Navigate to the Portfolio Section Tab which is placed on at the extreme right on the bottom menu. Once there select the BALANCE Tab and under that select the WITHDRAW FUNDS option.
NOW MOBILE VERSION : If you are using the NOW Mobile version then select the fund transfer menu on the extreme right at the bottom. Another screen would open and select on PAYOUT menu. The Payout menu would open as shown below and here you can enter the required amount and select the bank you want the payout to be issued to. Please note that once you make a payout request an equivalent amount would be immediately reduced from the trading balance.
Tradeplus Website: You can also directly login to your client dashboard on Tradeplus website to place a payout request. The login procedure is explained here
Once logged in select the FUNDS menu and then the PAYOUT menu. Now select the segment for which you want to be issued, enter the amount and select the bank account where you want the payout to be issued and select Submit to confirm your request.
Use the Check Status button to view the Status of your last payout request. The back office action date is the date on which your trading account ledger will be debited for the payout made to you. Various Status message are Pending / Accepted / Rejected. You can also EDIT the payout request by changing the amount and pressing on the UPDATE button. To delete the payout Request Click on CHECK STATUS and Press on DELETE