Withdrawal
How do I withdraw funds to my India bank account?
After you sell any securities, the funds will take T+2 business days to settle in your US brokerage’s cash account. Once these funds are settled, you can then place a withdrawal request. To place a withdrawal request, kindly follow the steps below: ...
When can I withdraw funds after selling my holdings on Vested?
Once the sell order is executed, the funds are immediately reflected in your Vested account under the cash balance. However, please note that the time taken for settlement of trade is T+2 business days. After the cash is settled, you can place a ...
What is unsettled cash?
The proceeds created by selling a security are considered unsettled funds/unsettled cash from the time you place a trade order until the completion of the settlement period. Because stocks have a two-business-day settlement period, proceeds generated ...
How is unsettled cash different from buying power?
Buying power is defined as the cash/dollar amount available for trading in the account. For unrestricted cash accounts, buying power includes your settled cash + unsettled cash (all buy trades are debited, and all sell trades are credited from the ...
Could you share all the charges applicable for withdrawals?
There is a fixed fee of $5 charged per withdrawal. In case you are a premium user, you get 1st two withdrawals free during your subscription cycle of 1 year. There could be additional charges imposed by your bank's intermediary bank, and we do not ...
What is the minimum and maximum amount that I can request as a withdrawal?
The minimum you can withdraw needs to be above $5 since that is the fixed withdrawal fee you will be paying on your withdrawal. There is no maximum amount for withdrawal.
Where can I find the SWIFT code required during withdrawal?
Kindly get in touch with the support team or with the Forex department of your bank to get the SWIFT code of your bank's branch. Please note that the SWIFT Code differs from bank to bank and from branch to branch.
Can I transfer money directly from my Vested account to my relative's Vested Account?
You can transfer securities or funds from one Vested account to another Vested account only if you're the primary account holder for both these accounts. Please note that third-party transfers are not allowed on our platform.
Can I withdraw funds to a different bank account and not to the bank account from which I deposited funds?
Yes, you can transfer/withdraw funds to any bank account where you are the primary account holder as long as that bank account is created in your employment or tax-resident country. Withdrawals to any other country are not allowed by our broker. It ...
My bank has asked me to fill an Annexure-E form. What details should I fill in under the remitting bank field?
The details of the remitting bank are as follows: Name of the bank from where remitted: J P Morgan Chase Bank Name of the branch of the bank from where remitted: J P Morgan Chase Bank, 1111 Polaris Pkwy, Columbus, Ohio
Can I withdraw funds to my U.S. bank account?
Yes, you can withdraw funds to your US bank account as long as the USA is your employment or tax-resident country.
What is the purpose code for the inward remittance?
The purpose code for inward remittance is P0001 (Repatriation of Indian investment abroad in equity capital/shares).
Why aren't the withdrawn funds reflecting in my bank account?
It usually takes 1-3 business days for the funds to reflect in your bank account once your withdrawal request is processed by our broker partner. After 3 business days if the funds are still not credited to your bank account then kindly contact your ...