How-to Orbis withdrawal custodian Zerodha

How to withdraw funds from a Zerodha Orbis account

From WebNotes, a public knowledge base. Last updated . Reading time ~7 min. Level: Intermediate.

Conflict-of-interest disclosure. This guide is published by the WebNotes Editorial Team for informational purposes and is written independently. WebNotes operates a Zerodha account-opening referral programme, disclosed on the pages that carry the referral link; this operational guide does not carry it.

A Zerodha account mapped to Orbis does not withdraw funds the way a standard trading account does. Orbis is Orbis Financial Corporation, a SEBI-registered custodian (a Custodial Participant), and clients use an Orbis mapping to keep trading index option strikes after the exchange open-interest limit would otherwise restrict them, and for certain NRI NRO derivatives arrangements. Because the funds sit with the custodian, a withdrawal is placed through a form rather than on Console.

What Orbis is, and why the process differs

Orbis is not a portfolio management service and not a Zerodha product in itself. It is an independent SEBI-registered custodian. When an account is mapped to Orbis, trades and funds for the relevant segment settle through the custodian. That custodial layer is what makes the standard Console withdrawal unavailable, because the money is not held in the ordinary trading-account pool from which Console pays out.

For a broader explanation of the custodian and who uses it, see Orbis Financial and the Orbis account support guide .

Step-by-step procedure

The procedure infobox lists the flow. In short: use the Orbis withdrawal form rather than Console, enter the amount within the withdrawable balance, and submit it. The money is credited to the primary bank account linked to the trading account. The exact form and its fields are provided by Zerodha for Orbis-mapped clients; because the specific form location and any handling detail can change, confirm the current form with Zerodha support before relying on a saved link.

Timing

  • A request placed before 6 PM on a working day is processed the next working day.
  • A request placed after 6 PM, or on a weekend, takes two working days.
  • A request around an exchange holiday reaches the bank on the next trading day.

Instant payout is not available on an Orbis-mapped account, so the form-based timeline above is the fastest route. The MCX (commodity) balance is not part of the Orbis flow and continues to be withdrawn through Kite in the normal way.

Frequently asked questions

Why can I not withdraw from my Orbis account on Console?
An Orbis-mapped account settles through the Orbis custodian rather than the standard trading-account flow, so a withdrawal is placed through the Orbis withdrawal form instead of the Console withdrawal page.
Which bank account does an Orbis withdrawal go to?
The primary bank account linked to the trading account. As with any withdrawal, the destination is the verified primary bank on record.
How long does an Orbis withdrawal take?
A request placed before 6 PM on a working day is processed the next working day. A request after 6 PM or on a weekend takes two working days, and a request around a holiday reaches the bank on the next trading day.
Can I use instant payout with an Orbis account?
No. Instant payout is not available for an Orbis-mapped account. The withdrawal follows the form-based Orbis timeline.
Does the commodity (MCX) balance also go through Orbis?
No. MCX funds continue to be withdrawn through Kite in the normal way; the Orbis form applies to the Orbis-custodied segment.

See also

External references

References

  1. Zerodha Support, Orbis fund withdrawal, support.zerodha.com.
  2. Zerodha Support, Funds and Orbis, support.zerodha.com.

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