Regarding deposit/withdrawal completion time with brokers

#1
It is least discussed issue over brokerage rates and platform but for me it finds a good mention for the investors to know about the agility of the broker firms on depositing or withdrawal of funds in or out of their account respectively.

Well being a new investor and selecting a broker,the first thing that came into my mind is brokerage rates so I planned to go for the least possible brokerage offered by one in all those ever-growing brokerage firms list in india ie Indiabulls.

Almost all brokers provide an instant deposits options which is in general in lieu to prevent square-off during margin call.But the good thing in here is withdrawal when the firms keep money with themselves for 48 hrs or more subject to verification.According to me the best bet would be for instant deposits and withdrawal which can only be provided by banking sectors owned securities firm like ICICI Direct,SBI CAPS etc.

In my case with Indiabulls - Deposit with bank acc linked is instant but withdrawal takes 48 hrs.

please share the time of completion for deposit and withdrawal with other broker firms.
 

Similar threads