Yes, indeed. Each demat account has a bank account number linked to it as part of the account opening process. This bank account is the default mode for the transfer of funds to and from your demat account, although the option of using UPI for funds transfer also exists.
The entire process is transparent, paperless, and online which can be achieved from any web-enabled device on which you are using the Dhanush platform. The request can be made anytime through the platform by following these simple steps:
Step 1: Log in to the Dhanush app/web portal.
Step 2: Find the option of ‘Withdraw Funds’ and tap on it.
Step 3: Check the amount available in your Dhanush account and enter the amount you wish to withdraw.
Step 4: Select the bank account to transfer the money to and tap on ‘Withdraw Funds’.
Step 5: That’s it. Based on your bank’s transaction timelines, the amount will reflect in your bank account and you will be notified of the same.
For trading subsequently, you will need to add funds back into your Dhanush account.