Deposits and withdrawals with local methods
What you learn in 3 minutesThis lesson shows how money moves between a bank account in India and a broker account, using UPI and bank transfer, and why a withdrawal normally follows the same path back as the deposit. You will see the timing, limits, fees and currency conversion that sit behind each leg, so you can plan a deposit or withdrawal without surprises.
A ₹25,000 deposit and the ₹10 pip value on USD/INR
| Step | Amount | Note |
|---|---|---|
| Deposit amount | ₹25,000 | the sum you send from your bank account |
| Method used | UPI | one of the two local methods in this lesson |
| Time to reach the broker | usually minutes | UPI is fast, but the broker may hold the funds until its checks finish |
| Broker deposit fee | varies by broker | some charge nothing, some charge a small amount; check your own broker |
| Currency on arrival | INR | the broker credits rupees; if your account is in another currency, a conversion applies |
| Conversion cost | varies by broker | the rate and any markup are set by the broker, not by this lesson |
| Value of one pip on one standard lot of USD/INR | ₹10 | 100,000 x 0.0001 = ₹10 |
| Value of 20 pips on one standard lot | ₹200 | 20 x ₹10 = ₹200 |
| Withdrawal route | back to the same bank account | most brokers return funds the way they came, to reduce fraud |
| Withdrawal time | often 1 to 3 working days | this varies by broker and by bank |
The broker may round the conversion rate, charge a withdrawal fee, or apply a minimum withdrawal amount. These details vary between brokers, so read the fee page before you send money.
The mistake people make here
A common mistake is to deposit with one method and expect to withdraw to a different bank account or a different name. Most brokers send the money back the way it came, to the same account, because they must match the sender and the receiver. If you use a friend's UPI or a joint account, the withdrawal can be delayed or refused. Before depositing, check that the bank account is in your own name and that you are happy to receive funds there.Check yourself
You deposit ₹25,000 by UPI. The broker charges no deposit fee and converts at its own rate. If you later trade one standard lot of USD/INR and the price moves 15 pips in your favour, what is the gross profit in rupees?
One pip on one standard lot is ₹10. 15 pips x ₹10 = ₹150. This is before any spread, commission or conversion cost.
You withdraw ₹25,000. The broker charges a ₹100 withdrawal fee and your bank charges nothing. How much reaches your bank account?
₹25,000 - ₹100 = ₹24,900. The broker may also apply a minimum withdrawal amount, so check that first.
In India
- Currency
- Indian rupee, written ₹ (INR)
- Regulator
- SEBI
- Common local payment methods
- UPI and bank transfer
- Example instrument
- USD/INR, around 83.2500
- Pip value on one standard lot of USD/INR
- ₹10 (100,000 x 0.0001)