As per the latest update from Fyers, the withdrawal timings have been revised, effective from January 14th, 2023. These new timings are designed to offer a faster and more streamlined withdrawal process for Fyers clients.

Under the revised withdrawal timings, payout requests made before 5 AM will be processed and credited to the trader's bank account on the same day. However, if the request is made after 5 AM, the withdrawal will be processed on the next working day. This new system is designed to ensure that traders receive their funds as quickly as possible, while still allowing Fyers to maintain efficient and secure withdrawal processes.

It's worth noting that payouts will be processed on all Saturdays, offering additional flexibility for traders who need access to their funds over the weekend. However, payouts will be processed every 2nd and 4th Saturday of the month, but the entries will only be passed. In these cases, funds will be credited to the trader's bank account on the next working day. This ensures that traders have access to their funds as quickly as possible, even if they make a payout request on a weekend or holiday.

Conclusion

The new Fyers withdrawal timings offer faster and more streamlined payout requests for traders, with same-day processing for requests made before 5 AM. Traders can take advantage of these new timings by ensuring that their accounts are up-to-date and that sufficient funds are available to cover their withdrawal requests.

  Open Your Demat Account with Fyers