Payout Queries
Your payout is still processing because it follows the standard banking settlement schedule.
Payouts are not processed after 6 PM because, as per SEBI regulations, brokers must transfer all client funds to regulatory authorities at the end of each trading day.
Lakshmishree does not block payout requests in the app. You can place a payout request at any time during the day.
Your payout request may be rejected due to several reasons, including:
A payout can fail due to various reasons, such as downtime at the beneficiary bank, partner bank, or NPCI (National Payments Corporation of India).
If your payout request has been rejected, your withdrawal limit will usually be updated the next day.
Lakshmishree processes payouts through NEFT or Bank Fund Transfers, ensuring secure and timely withdrawals.
Yes, you can place a withdrawal request on bank holidays and weekends.
All withdrawal requests at Lakshmishree are processed via NEFT. There are no amount restrictions for NEFT transactions.
As per SEBI regulations, brokers must return any unused funds back to your primary bank account at regular intervals.