Introducing Same Day Fund Withdrawal: Get Your Money Faster!

Introducing Same Day Fund Withdrawal: Get Your Money Faster!

We're excited to announce a new feature that will make managing your funds even more convenient—Same Day Fund Withdrawal.


At HDFC SKY, we’re always striving to enhance your experience, and this latest feature is designed to ensure you have quicker access to your money.


What’s New?


Starting 12th August, you can place a withdrawal request before 1 PM, and the funds will be credited to your registered bank account on the same day, before 6 PM. This means no more waiting overnight or over the weekend to access your funds.


However, if you place your withdrawal request after 1 PM, don’t worry! Your funds will be credited by the next trading day, before 11 AM.



Additional Updates

In line with our commitment to safeguarding your funds, we’ve introduced another helpful update. If you have not traded in the past 30 days and have unutilized funds sitting in your account, we will automatically credit these funds back to your registered bank account. This ensures that your money is always within reach and working for you. This is with accordance to SEBI Guidelines.  Read more about it here




How Does It Work?
  1. Place a Request Before 1 PM
    Simply log in to your account and place a withdrawal request before 1 PM. Your funds will be processed and credited to your bank account before 6 PM on the same day.
  2. Post 1 PM Requests
    Withdrawal requests placed after 1 PM will be processed on the next trading day, with funds credited before 11 AM.
  3. Inactive for 30 Days?
    If you haven’t traded in 30 days and have unused funds, we’ll automatically transfer them back to your registered bank account. No action is needed on your part.

We believe this feature will provide you with greater flexibility and convenience in managing your finances.


Happy Trading!

 


    • Related Articles

    • Fund Transfer: A Complete How-To Guide

      Investing in the stock market has never been easier with HDFC SKY, a leading trading platform that offers a seamless experience for traders and investors. Adding funds to your HDFC SKY account is a straightforward process that allows you to quickly ...
    • Why have funds been credited to my bank account without placing any withdrawal request?

      According to SEBI's regulations, all brokers have to settle client accounts every 30 or 90 days. How does this impact you? Due to these regulations, free funds available in your trading ledger will get credited to your registered primary bank account ...
    • NSE is Introducing 4 New Indices

      NSE is Introducing 4 New Indices On April 8, 2024, NSE is set to unveil four new indices: Nifty Tata Group 25% Cap, Nifty 500 Multicap India Manufacturing (50:30:20), Nifty 500 Multicap Infrastructure (50:30:20), and Nifty MidSmall Healthcare. The ...
    • What is a Settlement Holiday?

      Understanding Settlement Holidays: What You Need to Know In the world of finance, a settlement holiday is a day when financial markets and institutions are closed, and no settlement of transactions can occur. This means that any trades or ...
    • How Diverse Markets Embrace Budget Changes!

      As the Union Budget 2024 gets closer, it's like markets are getting all excited, just like waiting for a big show to start. People in the markets are eagerly waiting for the budget, and you can see more action happening as the budget days come near. ...