INDmoney offers instant withdrawals for stock investors

The feature enables users to withdraw their funds into their savings accounts instantly, even if they are trading on the same day. The feature addresses a key problem statement for stock investors, boosting liquidity by ensuring real time trade settlements.

INDmoney's Instant Withdrawal feature addresses a key problem statement for stock investors. Most stock brokers process client withdrawals after the closing of markets and completing settlements for which the process takes over 24 hours. With the launch of INDmoney’s instant withdrawal feature a very big investor problem has been solved by the App. INDmoney’s feature enables investors to trade on the same day and also instantly withdraw their money up to Rs.1 Lakh on the same day.

Ashish Kashyap, Founder of INDmoney said, "Withdrawals and redemptions have always been my personal pain point. With the launch of Instant Withdrawals, we are solving a big consumer problem. Our goal is to provide fast and reliable services to our investors. Instant Withdrawals aligns with our commitment to simplifying financial management and ensuring our users have immediate access to their funds when they need it the most. We believe this feature will significantly enhance the user experience and set a new standard in the industry."

The Instant Withdrawal service is initially made available from 8 AM to 5 PM on trading days. In the coming months, INDmoney plans to extend this service to operate 24x7.