Why was the withdrawal request rejected?
Withdrawal requests can be rejected due to the following reasons:
- Funds from trades are yet to be settled. The funds from equity and F&O trades are not settled instantly. Exchanges require T+1 day to settle funds from selling equities, and F&O trades to your Bigul account before they can be withdrawn. In the case of intraday and F&O, it is the time taken for the realised profits, M2M, or sell value of options to be credited to your Bigul account.
- Funds added during the day are available for trading immediately, but cannot be withdrawn on the same day. Since we have to reconcile the balances at the end of the day to avoid issues with crediting funds, these funds can be withdrawn after one day.
Fund withdrawal
- How can I withdraw funds from my Bigul account?
- Why is the fund withdrawal not instant in Bigul?
- What is the withdrawal balance?
- Why my withdrawal balance is negative?
- Why is the payout less than what was requested?
- Can Funds be withdrawn to the secondary bank account?
- How much time does it take to process a withdrawal request?
- When can the funds be withdrawn if the shares are sold or positions are closed today?
- Why was the withdrawal request rejected?