How to Withdraw Money from WazirX to Bank Account

To withdraw money from WazirX to bank account, you need to find INR under Funds on WazirX.

Then, tap on Withdraw.

Enter the amount and complete the authentication.

You must withdraw a minimum of INR 1,000.

Steps to Withdraw Money from WazirX to Bank Account

1. Launch WazirX Application
2. Go to Funds
3. Tap on Withdraw
4. Withdrawing INR to Bank Account
5. Check Recent Transactions

1. Launch the WazirX Application

First, you need to open the WazirX mobile application to withdraw money from WazirX to your bank account

In case you have not installed the WazirX mobile application, you can download it here: Android and iOS.

2. Go to Funds

Once you are inside the WazirX application, you will be able to see multiple options at the bottom of your screen.

Tap on Funds.

3. Tap on Withdraw

After tapping Funds, you will be able to see INR.

Tap on it.

Now, there will be 2 options at the bottom of the screen: Deposit and Withdraw.

Tap on Withdraw.

4. Withdrawing INR to Bank Account

After tapping Withdraw, you need to select either the Instant withdrawal or NEFT withdrawal.

Here, we will select Instant withdrawal.

Once you have clicked on that, you will be able to see your bank details such as account number, IFSC code, and type of your bank account.

Next, you need to enter the amount to be withdrawn in the INR Amount field. You can also withdraw all of your balance.

Fill the Remark field.

Lastly, Tap on Withdraw.

Now, you will get a withdrawal confirmation.

Tap on Confirm.

If you have enabled 2F authentication, WazirX will ask you for the authentication code at this point.

You need to open your Google Authenticator application to view the code and type it on your WazirX application and Tap on Authenticate.

Now, you will receive mail from WazirX to your registered email address.

You need to open Gmail and tap on Approve this Withdrawal.

That’s it. Within a few minutes, you will get your money in your bank account.

You have successfully withdrawn money from WazirX to your bank account.

5. Check Recent Transactions

Now, you can see the recent transactions under the Recent Transactions tab.

Conclusion

You can withdraw money to your bank account via instant withdrawal or NEFT transfer.

Here we have used the WazirX mobile application. The process for withdrawal is the same for the WazirX web interface.

The fee for Instant withdrawal is ₹10. The maximum you can withdraw is ₹5 Lakh per transaction and 1 crore per day.

The fee for NEFT withdrawal is ₹5. The maximum you can withdraw ₹50 Lakhs per transaction and 1 crore per day.

Both have a minimum withdrawal limit of INR 1,000.

The withdrawal time for NEFT withdrawal in WazirX is 30 minutes to a few hours during banking hours and weekdays; whereas for instant withdrawal, it can take up to only a few seconds to minutes.

FAQs

1. Why is my withdrawal not processed/ stuck on WazirX?

There are a few reasons for withdrawal gets stuck or not processed:

• Bank server issue: In case of your bank server network is down, transactions will be updated within 3 banking days as per NPCI.
• Linked bank account details incorrect: In case of an invalid linked bank account, the withdrawal will fail and the status will be updated within 48 hours by the bank.

2. What is the withdrawal fee in WazirX?

The withdrawal fee in WazirX is:

•  ₹10 for Instant withdrawals
•  ₹5 for NEFT withdrawals

The fee is inclusive of all taxes. The minimum withdrawal limit for both withdrawal options is ₹1000.

3. What are the minimum and maximum withdrawal limits in WazirX?

The maximum you can withdraw is ₹5 Lakh per transaction and 1 crore per day in case of Instant withdrawal.

The maximum you can withdraw ₹50 Lakhs per transaction and 1 crore per day in case of NEFT withdrawal.