1. What is Meant by Payout of Funds?

Payout of funds refers to the process of withdrawing funds from your trading account. It involves requesting Navia to transfer the amount available as a clear credit in your ledger balance to any of your registered bank accounts.

2. When Will My Funds Get Credited to My Bank?

Your payout request will be processed according to the following schedule:

Note:

• Payout requests placed on Saturdays or holidays will not be processed. NEFT/RTGS fund transfers may take 2 to 3 hours after authorization to credit your bank account, depending on bank operations.
• Payout requests cannot be made on the same day as a pay-in (fund transfer to your trading account). You must wait until the next working day to place a withdrawal request.

3. How Do I Know if My Payout Request is Processed?

You will receive a WhatsApp confirmation to your registered mobile number, including a UTR (Unique Transaction Reference) number, as soon as the payout is released from our end. This indicates that your funds are on their way to being credited to your bank account.

4. Can I Withdraw Full Funds?

Yes, you can withdraw the full amount of your withdrawable balance, which is the amount you can transfer from your trading account to your bank account. Note that the withdrawable balance may differ from your total available funds due to the settlement cycle followed by exchanges.

In India, equity and F&O sale proceeds settle on a Trade + 1 working day basis, meaning only settled funds are withdrawable.

5. What is Withdrawable Balance and How is It Calculated?

The withdrawable balance is the amount that can be requested for payout, calculated as follows:

• Available Ledger Balance
  • Less Yesterday’s and Today’s Sale Value
  • Less Today’s Profit on F&O
  • Less Margin Required on GTC Pending Orders
  • Less Accrued Interest
  • Less Accrued DP Charges
  • Less Margins Required on Pending Derivative Orders
  • Less Exchange Accrued Penalty
  • Less Any Other Charges as Applicable

Note: If you've pledged your holdings for margin to trade in derivatives, the withdrawable balance is computed after adjusting the required margins. Margins must be covered 50% by collateral and 50% by cash or cash equivalent. If insufficient collateral exists, the difference will be deducted from your cash balance.

Example:

• Collateral Margin: Rs. 1,00,000 from pledged stocks
• Free Cash: Rs. 70,000
• Required Margin for F&O Position: Rs. 1,00,000
• Utilized Collateral: Rs. 50,000
• Cash Margin Used: Rs. 50,000
• Withdrawable Balance: Rs. 20,000

6. What if I Have Requested for Payout That is More Than My Balance?

If your payout request exceeds your clear credit balance, only the available balance will be transferred to your selected bank account, and the request for the remaining amount will be canceled. You will need to make a new request for the remaining balance when it becomes available.

Example:

• Clear Credit: Rs. 50,000
• Shares Sold Worth: Rs. 25,000
• Payout Request: Rs. 75,000
• Payout Processed: Rs. 50,000 next day (T+1) before 11 AM
• Remaining Amount: Request canceled; new request needed.