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When I sell shares, where does the sale amount goes in bank account or 5paisa wallet?

5paisa Account Opening

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When you sell shares from your holdings, the sale amount goes into the 5paisa account or wallet. Once the amount is credit, you can put a 'Fund Payout Request'. Then the request is processed and the money transferred to your linked bank account.

You can put a 'Fund Payout Request' using the website account or on the 5 paisa mobile app.

Here's how to put Fund Payout Request on 5paisa mobile app?

  1. Click on the burger menu in your app
  2. The menu will appear. Scroll down and click on 'Fund Transfer'.
  3. This screen will show you available balance on your equity and mutual funds. Please remember that you can only withdraw an amount lesser than or equal to the difference between available balance and margin requirement. Click on move funds.
  4. Fill In the details and amount. Click on 'Payout' tab at the bottom
  5. Wait for confirmation message to pop out. Click on 'Done'.

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Payout requests made before 5 pm will be processed the next day and the amount will be credited to your account.

 

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