Zerodha Account Opening - RK Global Withdrawal / Payout Issues in NEW TO TRADING & INVESTMENTS? - RK Global brokerage is beneficial in many ways compared to insanely high brokerage charges by ICICI, HDFC and so on.
09-16-2013 11:27 AM
RK Global Withdrawal / Payout Issues
RK Global brokerage is beneficial in many ways compared to insanely high brokerage charges by ICICI, HDFC and so on.
RK Global web interface and ODIN are good, though maintenance charges are a pain.
Payout or Withdrawal is one more pain area with RK Global. They have an ancient manual procedure. Only requests made before 9:40 AM will be processed on the same day and that too will only be credited in the evening.
You can be sure that payouts or withdrawal will only happen one day later and never sooner. Sometimes, they may say ledger balance was not sufficient and withdrawal is not done as a result of that. In such, cases, you may have to wait till 5 days to do a payout / withdrawal.
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