How to Make Multiple Payouts on the Same Day in Enrich Money

Here are some important points you would need to know about multiple payouts. The payout process is prompt and instant in Enrich Money. Payout will be processed on the same day for transactions occurring between 8:30 AM and 9:00 AM, Monday to Friday. For transactions between 4:00 PM and 11:30 PM in the evening, credit will be applied on the Next day.

 Guidelines to Withdraw Multiple Payouts:

The following guidelines can be followed for mutiple payout withdrawal. Withdrawal transactions are placed online in Enrich. Instant withdrawal are placed through the software and can take two hours.

Step 1: Enrich Money has diverse trading platforms. They are mobile hunt, web hunt. The first step is to login to the trading platform online. The user id and password is used. The payin and payout option is available to and from the bank account.

Step 2: Instant withdrawal is possible online through the trading platforms of Enrich Money. The withdrawal transactions are easy and user-friendly as Enrich platforms are the best. The funds/accounts option allows you to add funds or withdraw. Instant withdrawals are possible during trading days when there are funds in the trading account. There are various options available for payin and payout. The processing timing depends on the chosen payment method like UPI or IMPS.

Step 3: In order to payin or payout, choose the portfolio option and then the cash option. You will find the pay out option here. After choosing the payout option a new form or page would open. For example in web hunt, the information would be segment, bank account and request can be submitted. The segment can be MCX or NSE, the options would be availbale in the dropdown.The back end team would be quick to process the request.

The trading platforms are user friendly and the mutiple withdrawal process is straight forward.

Payout Cycle:

In general the following payout cycle can be expected. The transfer timing can change based on the benficiary bank. For instant payout, UPI, IMPS and NEFT options are given in Enrich Money.

Conditions For Applying Instant Withdrawal:

While planning on instant payout, ensure that the withdrawal is made on a trading day. You may have to review on the following conditions:

1. Make sure that the IMPS is activated through your net banking of your bank account.

2. The option for instant withdrawal is not possible on a holiday or weekend.

3. Make sure you instantly follow the current day timings for a withdrawal. It would be good to submit the request between morning (around 10 A.M.) and before evening 4 P.M. These are standard requests that the backend would process the same day.

4. When choosing the amount from the securities and commodities portfolio, make sure you know the range. It is anywhere from 100 to 2, 00,000 INR for a day. This includes securities and commodities together.

5. The amount used can be checked in the used margin. Exit open and not squared position before you make a withdrawal request.

6. If using the MCX section the UPI is enabled. There is a limit of ten transactions and the

amount is 1, 00,000 INR.

7. Cash dealings are not permitted by Enrich Money following the SEBI norms.

8. Payment modes from debit card, credit card, third party transfers and cash deposit is not permitted.

9. Some of the terminology to be understood while processing pay-out are:

• Funds that are paid

• Funds received

• Loss that is realised

• Loss unrealised

• Margin for blocked transactions in the day

• Subscription charges

• Statutory charges

• Minimum balance

10. As the case may be, the trading platform could ask for information like name, pan-card number, and address during withdrawal.

11. After requesting the withdrawal, the money will be reflected in your bank account. It takes a maximum of three business days.

12. Enrich customer support can be contacted for any doubts or clarifications and queries.

Conclusion:

 The withdrawal process through the Enrich Money trading platforms are simple and hassle free. For an instant withdrawal you can choose a trading day. Make sure there are adequate funds in the trading account. You may have to check the margin, for the same. The beneficiary bank policies and the pay-out cycle can be referred for planning a quick pay-out. Use the reset option if you have entered incorrect details and contact customer support for any queries.