What is the withdrawable balance?

What is the withdrawable balance?

  • The free credit balance of client’s ledger in the accounts of Jainam, which can be transferred to the client’s bank a/c is called the withdrawable balance. 
  • It may differ from the net available funds shown in the COMET because the exchanges require T+1 day to settle funds from selling equities and F&O trades to the Jainam account before they can be withdrawn.
  • If the client has traded during the day, their withdrawable balance may change after the market closes because all charges and obligations are updated after the end of the market hours.

RELATED FACTS:

  • A client cannot place a withdrawal request greater than the available balance shown in his trading account in Jainam's backoffice.

  • If a client is placing a payout request during the market hours and also buying stock during the market hours in a day, then the payout will be given only for the clear balance or withdrawal balance left after paying for the stock.
    For example, if a client has a credit balance of ₹1,00,000 and has placed a buy order for 60,000 and also placed a payout request for ₹ 50,000.
    In such a case, the payout will be given only for ₹ 40,000 by the end of the day because the clear/withdrawal balance available will now be ₹ 40,000 only (1,00,000 - 60,000).