Making an INR withdrawal via Bank Transfer | Stake Help Center (2024)

Before making a withdrawal using a specific payment method, you should have made a deposit using the same method prior to successful withdrawals.

For your convenience, we have put together a short video below showing how to make a withdrawal in Indian Rupee:

Your withdrawal should reach your bank account within 1-3 business days.

Please note that IFSC (Indian Financial System Code) codes are used to perform an electronic fund transfer to any bank in India.

If you're not sure about the code, you should check your bank's internet site to be sure you are entering the correct code, or you could check your code here:

For more information, read our blog on how to deposit and withdraw INR. You can also check out our local currency guide on Stake.com.

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Making an INR withdrawal via Bank Transfer | Stake Help Center (2024)

FAQs

How can I withdraw money from my bank account in India? ›

Use an ATM

Every ATM is slightly different but you simply insert your debit card, enter your PIN (personal identification number), select the account you wish to withdraw money from (if you have more than one), enter the amount, and then wait for the ATM to give you your cash and a receipt.

How to safely withdraw money from bank? ›

To make a withdrawal at a bank branch, fill out a withdrawal slip. You can specify whether you'd like to withdraw money from your checking or savings account. Then, provide the withdrawal slip to the teller along with your account number, debit card or other form of personal identification to access your account.

Why won't Stake let me withdraw? ›

Only funds that show as 'Available for withdrawal' can be withdrawn. This means that you won't be able to withdraw funds that are reserved for: Pending buy orders (i.e. any active order you have to buy stocks) Unsettled funds from a deposit or share sale (sell orders)

Can I withdraw from Stake to my bank account? ›

For your convenience, we have put together a short video below showing how to make a withdrawal in Indian Rupee: Your withdrawal should reach your bank account within 1-3 business days. Please note that IFSC (Indian Financial System Code) codes are used to perform an electronic fund transfer to any bank in India.

How much cash can be withdrawn from bank account in India? ›

The ATM withdrawal limit per day refers to the maximum cash you can withdraw from your bank account daily. The majority of the Indian banks' withdrawal limit per day ranges between Rs. 20,000 to Rs. 50,000 from an ATM.

What is the best way to withdraw cash in India? ›

ATMs are widely-used in India. You will find them at airports or in large urban areas. They are usually the best way for you to take out money. Though ATMs are widespread, make sure you have a backup plan.

How much money can you legally withdraw from a bank? ›

Legal and Savings Withdrawal Limits

That said, cash withdrawals are subject to the same reporting limits as all transactions. If you withdraw $10,000 or more, federal law requires the bank to report it to the IRS in an effort to prevent money laundering and tax evasion.

What is the best method to withdraw money? ›

Withdraw money from an ATM

Banks can set daily withdrawal limits to help prevent fraud and theft, and individual ATMs may have lower limits set at the discretion of the ATM owner. Using ATMs associated with your bank is typically the best way to avoid ATM fees.

Is Stake legal in India? ›

There is no federal law in India that makes online betting illegal. Stake is a legitimate bookmaker with an internationally recognised gaming license from Curacao. Furthermore, the betting site complies with all the legal requirements of India. Hence Stake is legal in India.

Is Stake legal in the US? ›

🔎 Is Stake.us legal in the US? Stake.us was created specifically for US players and follows the sweepstakes model instead of being a real-money gaming site. So, yes, it's legal in the US.

Is Stake real or fake? ›

One of the most popular crypto sportsbooks in the globe that functions via cryptocurrencies, Stake.com is a reliable and trusted platform for sports betting.

Can I withdraw real money from Stake? ›

No worries - Stake is a reliable broker that lets you access your funds any time. You can use only bank transfers to withdraw funds. In most cases, you can get your money back within 2 days. Stake charges $0 for basic withdrawals, but some methods may cost more.

Do you need to verify on Stake to withdraw? ›

To initiate a withdrawal from your account, you first need to have Level 2 (identity document) verification.

How much does Stake charge to cash out? ›

Stake does not charge fees to withdraw funds to your local bank account. There is a minimum withdrawal amount of A$10.

Can a bank take money from your account without permission in India? ›

Legally it is not possible to take money from an account without one's permission. Banks can only do that in case of unpaid loans or under suspected fraudulent activity or legal judgments.

Can I withdraw money from any bank branch in India? ›

With ATM card cash can be drawn from any bank anywhere. However, cheques can only be withdrawn by the drawer from any branch of home bank. Yes . By the cheque of your account you can withdraw amount from your account from any branch of SBI situated in India .

Can I withdraw 5 lakhs from bank of India? ›

There is not limit to how much you can withdraw from your account. It is your money after all. Unless you want to withdraw a very high amount of cash, you can just walk into your branch with the cheque book and withdraw the money.

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