By now, you would have understood the process of transferring funds to your trading account.
In the earlier days, if you booked your profits in the markets and you wanted a payout of your funds you had to put a request to your broker, and he would take 3-5 days to release a cheque of your payout amount, post which you had to deposit the cheque in your bank account and wait for another 1-2 working days for the cheque to get credited.
These days taking a payout or withdrawing funds from your Trading and demat account is extremely simple.
This article explains how you can withdraw funds from your brokerage account with SAMCO.
You just need follow these steps
Step 1) Login to your trading account back office
Step 2) Select Funds from the back office and enter the amount you wish to withdraw.
You can just select the amount you want to pay out and click on submit. These funds will be transferred to your linked bank account in 1 working day.
How to withdraw funds from my SAMCO’s Trading account
Step 1) Login to your trading account back office
Step 2) Select “Funds” from the back office menu options and click on “Balance and Withdrawals”
In this option you will see your credit cash balances available in each segment, enter the amount you wish to withdraw and click on submit button
Post this process the respective funds will be transferred in your bank account in 1 working which is linked to SAMCO’s Trading account.
What is the difference between Account Balance and Clear Withdrawal Balance?
The Account balance in the Withdrawals page is the clean ledger balance available in your account. However, the available clear withdrawal balance adjusts for the obligations on account of the exchange settlement cycles.
For instance, if you’ve sold shares on Monday, 1st September worth Rs. 10,000, your ledger balance would be Rs. 10,000 credit and that is nothing but the account balance. However, credit on account of this sale is only due to you on Wednesday, 3rd September due to the exchanges T+2 settlement cycles. So while your account balance is Rs. 10,000, the clear withdrawal balance shall be Rs. 0.
Withdrawals are completely free of cost.
Watch the Video Tutorial to Learn How to withdraw funds from your online trading account?
Was this article helpful?
Share
How can I take btst/ stbt on margin ?
How do I short a Trade ,,,,,, till now I have been anticipating price will rise ,,,,,, in Cash Segment
I want to my pay out of my money but still it show in pending request after 1 working day
Dear Sir, as per the exchange norms, the settlement of the delivery shares takes place on T+2 days, and as for the derivative positions, they get settled in T+1 days. The payout request from you can only be sent into the process after the settlement period in respective sector. We hope this resolves your queries. If you have any more queries or issues, feel free to contact us; we’re happy to help you. Thank you for your valuable time. Have a great day ahead!
Hi sir thanks
How I withdraw my complete money from trading account??
I want to close this account!!!
Hello Sir, our records indicate that you haven’t submitted the POA & Acknowledgment form. For a complete withdrawal, kindly reach out to our Funds department on +22 2222 7777 & request a manual payout request. Also, we’d want to know why you wish to close your account with us. If you have faced any issues while using the platform, kindly raise a ticket on https://www.samco.in/support/ticket. Our team will look into it & make sure that all your concerns are addressed accurately.
My balance 954 but I can’t withdraw
Dear Customer,
With regards to your query, we’d request you to kindly provide us with your Client id or registered mobile number & we shall be able to provide the required resolution.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Third class experience with samco always charged hidden charges and not shows anywhere. They are thief.
Dear Customer,
We’d request you to kindly give us brief information about your issue & we assure you that we’ll be able to resolve it as soon as possible.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Make a video on how to withdraw fund
Dear Customer,
With regards to your query, we’d request you to kindly have a look at our video tutorial https://www.youtube.com/watch?v=7TNCoBMJoEA to understand about fund withdrawal process.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
How can we withdraw my fund from my sip in motilal iswal
Dear Customer,
With regards to your query, we’d request you to kindly provide us with your Client id or registered mobile number & we shall be able to provide the required resolution.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Sir I need help for withdrawal of money so plz gaur me also for online form of samco SECURITY
Dear Customer,
With regards to your query, we’d request you to kindly raise a support ticket on https://www.samco.in/support & you shall get a call from our executive soon.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
When I tried to pay out it’s holding 1000..is it any hidden cost which information I have not get the time of account opening??
Dear Customer,
With regards to your query, we’d request you to kindly raise a support ticket on https://www.samco.in/support & you shall get a call from our executive soon.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Sir my account statement is not veery fi , my account statement profit and laoss statement not setasfiy
Dear Customer,
With regards to your query, we’d request you to kindly raise a support ticket on https://www.samco.in/support & you shall get a call from our executive soon.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
I am unable to withdraw the funds even there is clear withdrawal balance.Pls sort out.
Dear Customer,
With regards to your query, we’d request you to kindly provide us with your Client id or registered mobile number & we shall be able to provide the required resolution.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Hello sir/madam..
My cash available balance is 1000₹ ..how can I withdrawal my fund ..when I placed the withdraw request it shows I am not eligible to withdraw…
How to change my promary bank account.
Dear Customer,
With regards to your query, we’d request you to kindly have a look at our video https://www.youtube.com/watch?v=yDYc53aWdoM to understand Bank Modification process.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Whenever I try to withdraw my amount it says…
You can only place fund withdrwal rqst when your account credit balances and clear withdrawal balances are credit balances..
Plz help me..
Hello Sir,
Our records indicate that you spoke with one of our executives from the Fund department regarding your ticket SAM-0421285721. We hope that a complete resolution was provided to you by them.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
Dear Customer,
With regards to your query, we’d request you to kindly provide us with your Client id or registered mobile number & we shall be able to provide the required resolution.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/support, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco
I want to withdraw my funds, its been more than a week that my share has been sold . But while withdrawing my funds it keeps on saying Sorry, you can’t place withdrawal requests. You can place fund withdrawals request only when your Account Credit Balance and Clear Withdrawal Balance are credit balances. Please help me out
Sir, kindly allow us to assist you with this. Please share your User Id or write to us at support@samco.in. Our team will make sure that your concerns are addressed accurately.
Dear sir
I want withdraw my funds but here show the amount but can’t withdraw
What is this
Hello Sir,
Our records indicate that Rs. 504/- has been blocked in your account which will be deducted later as AMC & DP charges. If you’re unable to place a withdrawal request for an amount higher than the said amount, kindly reach out on +22 2222 7777 & use extension 4 to connect with the concerned department.
For any other queries/information, you can mail us on support@samco.in or raise a ticket on https://www.samco.in/help-support/, our executive shall assist you on the same.
Looking forward to serving you soon.
Thanks & regards,
Team Samco