How to Withdraw Funds from Your Loan Against Securities in My Account

You can withdraw funds from your approved Loan Against Securities limit through My Account. Sign in with your registered mobile number and OTP, open your loan under Relations, select Withdraw Funds, enter an amount within your available limit, check your bank details and confirm with an OTP. Interest applies to the amount you use, not to the full approved limit.
 

• Sign in to My Account and open your loan account under Relations.
• Select Withdraw Funds and enter an amount within your available limit.
• Check that the bank account shown is correct before you proceed.
• Confirm the request with the OTP sent to your registered mobile number.
• Never share your OTP with anyone.

A withdrawal from a loan against securities is a request to use part of your approved limit and have the money sent to your bank account. Your limit is the amount approved against your pledged securities, and you can withdraw up to the amount shown as available. The available amount can be lower than the approved limit if you have already used part of it.

Interest depends on the amount you use, not on the full approved limit. The exact terms are set out in your loan agreement, so check them before you withdraw.

What should you check before you withdraw?

Check your available limit, your bank details and your loan terms before you raise a request. These three checks help you avoid entering an amount that cannot be processed or sending the money to the wrong account.

How to withdraw funds from your loan against securities

You can withdraw funds through My Account in a few steps. Keep your registered mobile number with you, because an OTP is needed to sign in and to confirm the request.

1. Select Sign-in to open My Account.
2. Enter your registered mobile number and the OTP.
3. Verify your identity with your date of birth, where asked.
4. Go to Service and select your loan account under Relations.
5. Select Withdraw Funds.
6. Enter an amount within your available limit.
7. Check the bank account details shown.
8. Confirm the request with the OTP sent to your registered mobile number.

The OTP is confidential, so never share it with anyone. Keep the confirmation you receive, and check your loan details after the request is processed.

You can confirm a withdrawal by checking your bank account, your loan details and your confirmation. The three should match in amount and date.

• Bank account: Check that the amount you requested has been credited.
• Loan details: Check that your available limit and outstanding amount reflect the withdrawal.
• Loan statement: Review the entry for the withdrawal and compare it with your confirmation.

If the amount does not appear, check the request status before you raise another one. A repeated request can create a second withdrawal. If the amount still does not appear, contact customer care through Help and Support and quote your confirmation.

What happens after you withdraw?

The amount you withdraw becomes part of the amount you owe under your loan. You repay it as set out in your loan terms, together with the interest that applies. Check your repayment details and keep your loan statement for your records.

If you want to repay or release your pledged securities later, use the related services in My Account. Check your loan terms for any conditions before you do.