INR Deposits and Withdrawals

Deposits

Easily fund your Interactive Brokers account using our straightforward deposit options. We've included everything you need to know to get your funds working for you quickly and efficiently.

Before initiating your transfer, ensure your Interactive Brokers account is active and gather the necessary information:

  • Your IB account number.

  • Deposit amount.

  • Sending institution details.

The specific banking instructions will be provided when you create a deposit notification through the portal – an essential step that ensures your funds are properly matched to your account.

Quick Start: Fund your account

  1. Log in to the portal.

  2. Select Transfer & Pay and then Transfer Funds menu options.

  3. Select "Deposit Funds" followed by the desired Deposit Method.

  4. Click "Get Instructions" to get started.

 

Important INR Deposit Information

  • INR deposits are accepted only for eligible accounts held by Indian Residents or Non-Resident Indians through IBKR India. IBKR's INR bank account is held in India and accepts domestic transfers only. This service is available exclusively for IBKR India clients.

  • What transfer methods are available for INR?

    • Multiple local transfer methods are available for INR deposits: Bank Transfer (NEFT/RTGS/IMPS), UPI, and Check Deposit. Each method has different transaction limits and processing speeds.

    • Bank Transfers (NEFT/RTGS/IMPS) - Instruct your bank to make a transfer using our bank’s IFSC code and other account details

      • NEFT offers batch deposits with generally no limit per transaction.

      • RTGS provides real-time deposits with a minimum of INR 2 lakh (200,000) per transaction

      • IMPS enables real-time deposits up to INR 5 lakh (500,000) per transaction/per day.

    • UPI – Transfer up to INR 1,000,000 per day from your bank account to IBKR by scanning our valid UPI QR Code with your mobile banking application or by providing our UPI ID. Ensure your UPI App is linked with the bank account you have registered with IBKR to avoid potential delays.

    • For Check Deposits: You can begin trading the funds you deposit via check 7 business days after the check arrives at IBKR. Bank Checks are available immediately upon receipt, with a 7-business day withdrawal hold.

  • The Indian bank account you use must be registered and verified with IBKR, and the bank account holder name must exactly match your IBKR account name. No third-party transfers are allowed.

  • For Bank Transfers, to avoid any potential delay or rejection, your bank must use NEFT / RTGS / IMPS. If you intend to use UPI, please select UPI as deposit method and ensure your UPI App is linked with the bank account you have registered with IBKR, to avoid any potential delay on funds arrival.

  • Organizational account withdrawals in INR are limited to INR 500 million.

  • Indian residents who hold an IBKR LLC account to trade overseas markets can fund it in USD or other supported currencies, but not in INR. INR deposits are exclusively for IBKR India accounts. Please see “I am a resident of India. How can I trade the overseas markets?” for additional info.

  • IBKR does not control transfer speed. Consult your sending institution about processing times and cut-off times.

  • Payments requiring additional review may take longer to credit.

  • Please consult with the sending institution about costs, as fees vary by financial institution. We do not charge for deposits.

 

Deposit Transfer Methods

Interactive Brokers offers multiple methods for depositing INR into your account. Each method provides different benefits in terms of processing speed, convenience, and associated fees. Available transfer options may vary depending on which IBKR entity services your account, as certain deposit methods are entity specific.

 

Bank Transfer

Setup a template at your bank to transfer funds from your bank to your IBKR account.

Availability: IBKR India only
Required Information: Sending bank's details (sending institution name and account number), and IBKR's provided bank account details.
Speed:

1 to 4 business days.
Limits: Transfer limits may be set by your bank.
Fee(s):

Determined by your bank, generally fees do apply.
Trading Availability: Funds are immediately available for trading after arriving at IBKR.
Withdrawal Hold(s): 3 business days.

 

Mail a Check

Send a paper check to IBKR.

Availability: IBKR India only
Required Information: Follow the instructions on the printable deposit form that includes specific instructions and mailing addresses.
Speed:

Mailing processing times will vary by location.
Limits: Generally, no limits, however transfer limits may be set by your bank.
Fee(s):

Fees are determined by your bank, but generally free.
Trading Availability: You can begin trading the funds you deposit via check 7 business days after the check arrives at IBKR. Bank Checks are available immediately upon receipt.
Withdrawal Hold(s): 7 business days.

 

Scan & Pay via UPI

Transfer up to INR 1,000,000 per day using our SEBI-validated UPI ID or QR code.

Availability: IBKR India only
Required Information: Sending bank's details (sending institution name and account number), and IBKR's provided UPI ID, or a UPI eligible mobile app and scan our UPI QR Code
Speed:

Immediate to 1 business day
Limits: Transfer up to INR 1,000,000 per day. Per transaction limit may be set by your bank.
Fee(s):

Determined by your bank; IBKR does not charge a fee.
Trading Availability: Funds are immediately available for trading after arriving at IBKR.
Withdrawal Hold(s): No withdrawal holds applied on INR UPI deposits.

 

Withdrawals

Access your funds with our streamlined withdrawal process. This section shows you how to transfer money from your Interactive Brokers account back to your bank. We've made retrieving your funds straightforward so you can access your money when you need it.

Quick Start: Fund your account

  1. Log in to the portal.

  2. Select Transfer & Pay and then Transfer Funds menu options.

  3. Select "Withdraw Funds" followed by the desired Withdrawal Method.

  4. Click "Use The Method" to get started

 

Withdrawal Transfer Methods

Interactive Brokers provides withdrawal options depending on which IBKR entity services your account, as certain withdrawal methods may be entity specific. Available method(s) differ in processing time, limits and associated fees. Review the details below to understand your options.

 

Bank Wire Withdrawal

One-time setup of a withdrawal destination at IBKR to tell us where to send the funds via the SWIFT Network.

Availability: IBKR India only
Speed: Receive the funds next day.
Limits: Daily limits apply depending on your secure login device. May be subject to further review by your bank.
Fee(s): IBKR does not charge any withdrawal fees for INR withdrawals by Indian resident clients. Your bank may charge a fee for an incoming wire.

 

Other Considerations

Unacceptable Deposit Methods

The following deposit methods are not accepted for INR:

  • Physical cash (coin or currency) – IBKR does not support physical cash deposits or over the counter transactions at bank branches.

 

Third Party Deposits and Withdrawals

Third party deposits are funds that originate from an account not owned by the receiving IBKR account holder. IBKR generally discourages and reserves the right to reject third-party deposits due to industry-wide fraud and money laundering concerns.

IBKR considers requests to withdraw funds to account not in your name, but approval isn't guaranteed and requires additional reviews. For faster processing its recommend to withdraw funds to your own bank account. Note that this service is not available for IBAU, IBIN, IBSJ, and IBSG customers.

 

Digital Wallet Providers

IBKR does not support digital banks when the bank is based on a digital wallet. IBKR does not recommend sending funds from a payment processor as funds are often sent without the payment details or sufficient information. This can lead to significant delays in allocating the deposit to your brokerage account or in some case to the rejection of the payment. Please see https://www.interactivebrokers.com/lib/cstools/faq/#/content/1218315577 for more information.

 

Other Restrictions

For anti-money laundering compliance, residents of high-risk countries face restrictions on transfers between countries and can only withdraw to accounts they previously deposited from. We may limit your transfer destinations regardless of location, and changing your base currency requires a 5-day waiting period before withdrawals. Restricted transactions will be automatically blocked. Please see Funds Transfer Restrictions for more information.

 

Top Deposit and Withdrawals FAQ's

Funding and Asset Transfers