Upstox has increased the Immediate Payment Service (IMPS) timings to 10AM - 6PM. Previously, this window was limited to 11AM - 4PM. With this update, Upstox customers now have additional flexibility to instantly withdraw money.
Excellent feature update!
Just asking, is it also possible to cash out intraday profits same day? Or withdraw a certain limit like 80% of the funds anytime 24 X 7 using IMPS?
Thanks @11.11…it’s great to know that you liked the update!
Regarding your first question - is it also possible to cash out intraday profits the same day? You can cash out your intraday profits only after the amount is settled with us from the Exchange. Which is why it is not yet possible to withdraw on the same day. Despite it not yet being possible, we will still explore over time how to make that feasible.
Regarding your second question - is it also possible to withdraw a certain limit like 80% of the funds anytime 24 X 7 using IMPS? You can place a withdrawal request anytime. However, IMPS is available 10am to 6pm and the request outside IMPS window will be processed as per the standard withdrawal TAT. You can withdraw 100% of the withdrawable balance via IMPS or the standard withdrawal mode. However, note that you can withdraw up to ₹2 lakh via IMPS on Upstox. With that said, we will still keep working to increase this window; we don’t want this to only be a one-off window increase.
You can learn more about how you can withdraw funds instantly here: How can I withdraw funds instantly? - Upstox Help Center