Account Verification Requirements for Withdrawals
To withdraw funds from your Libertex account in India, completing account verification is essential. This requirement aligns with Indian regulatory standards and safeguards your account. Verification usually takes 24 to 48 business hours once documents are properly submitted. Our system ensures fast validation with minimal user input.
The essential documents include government-issued identification and recent proof of address. These documents confirm identity and residency within India. Clear submission of these files expedites the verification.
Required Documentation Process
Indian residents must upload valid government IDs such as Aadhaar, PAN card, passport, or driving license. File formats accepted are JPEG or PDF, with size limits under 5MB. Proof of address must be recent (within 90 days) and can include utility bills or bank statements. Only unedited original documents are accepted to prevent fraud.
Verification Timeline and Status Tracking
Once documents are uploaded, our verification team reviews submissions within one business day. Users can monitor real-time status updates via the “Verification” tab on their dashboard. Email alerts notify users of progress or additional requirements. Support is available in English and Hindi to assist during this process.
Available Withdrawal Methods in India
Libertex provides withdrawal options tailored to Indian traders, combining traditional banking and digital payment technologies. Each method includes processing times and minimum withdrawal amounts suited to Indian financial infrastructure. We ensure convenience and security for all transactions.
Supported withdrawal methods include NEFT, RTGS, IMPS, UPI, and integration with popular digital wallets like Paytm, PhonePe, and Google Pay.
Banking Transfer Options
NEFT transfers typically process within 2-4 hours during Indian banking hours, suitable for standard transactions. RTGS allows instant transfers for higher amounts during working hours. IMPS supports immediate transfers 24/7, offering flexibility for urgent withdrawals. Wire transfers submitted before 2 PM GMT are processed the same day, with settlements depending on the receiving bank.
Digital Wallet Integration
Digital wallet withdrawals use UPI technology for instant approval and transfer. The minimum withdrawal for wallets is ₹500, equivalent to approximately $10 USD. Withdrawals must be directed to the same wallet account used during deposit to comply with anti-money laundering regulations. More than 150 UPI-enabled apps are supported for wide accessibility.
Step-by-Step Withdrawal Process
Withdrawing funds on Libertex India is straightforward via our platform’s interface. The system prioritizes user security while maintaining simplicity. Withdrawal requests typically take just minutes to initiate from any device.
Accessing Withdrawal Interface
Start by logging into your verified Libertex account. Navigate to your dashboard and click your username at the top right corner. From the dropdown, select “Withdraw” to open the withdrawal panel. The interface automatically lists withdrawal options based on your deposit history and verification.
Selecting Withdrawal Method and Amount
Pick the preferred withdrawal method displayed on the screen. The platform shows processing times and fees linked to each method. Enter the amount you wish to withdraw, ensuring it meets the minimum criteria for the chosen option. Withdrawals are only permitted to accounts matching your verified identity.
Follow these steps to submit your withdrawal:
- Choose withdrawal method from verified options
- Input withdrawal amount within allowed range
- Confirm your account details match verification data
- Review processing time and associated fees
- Submit the withdrawal request for processing
You may save frequently used withdrawal methods for faster future transactions. The system validates all inputs to prevent errors before submission.
Processing Times and Fees Structure
Withdrawal requests are handled sequentially with priority to fully verified accounts. Times vary depending on the method and submission time. Requests before 2 PM GMT are processed the same business day; others follow the next business day.
Standard Processing Schedule
Banking transfers settle within 2-4 business hours during Indian banking hours. Digital wallet withdrawals process instantly after approval. Transfers initiated on weekends are processed on the following Monday. International withdrawals may require additional clearance time.
Fee Structure and Currency Conversion
Fees differ by withdrawal method: bank transfers incur charges from ₹50 to ₹200, while digital wallets have fees between ₹10 and ₹25. Currency conversion applies when withdrawing in currencies other than your account base currency. Real-time interbank exchange rates plus a small spread are used. The exact rate and fees are displayed before confirming the withdrawal.
Security Measures and Fraud Prevention
Our company employs multiple security layers to protect withdrawal transactions. All data transfers use advanced encryption protocols, and account access requires multi-factor authentication. These steps minimize unauthorized activity risks.
Transaction Monitoring Systems
An automated system reviews all withdrawal requests continuously. Machine learning algorithms detect irregular patterns and flag suspicious transactions for manual inspection. This system operates around the clock to ensure fund safety.
Two-Factor Authentication Implementation
We strongly advise enabling two-factor authentication (2FA) for withdrawal security. The 2FA feature requires a secondary verification code from an authenticator app or SMS. Supported apps include Google Authenticator and Authy. 2FA can be configured to activate for withdrawals exceeding certain amounts.
Follow these security practices for safer withdrawals:
- Activate two-factor authentication on your account
- Use secure and trusted internet connections
- Verify withdrawal details thoroughly before submission
- Regularly monitor account activity via email alerts
- Contact support immediately upon detecting suspicious behavior
Troubleshooting Common Withdrawal Issues
Occasionally, users face challenges when withdrawing funds. We have identified frequent problems and provide targeted solutions. Our support team is ready to assist with any withdrawal difficulties.
Insufficient Balance and Margin Requirements
Withdrawals may fail if funds are tied to open positions or margins. Check your available balance and close unnecessary positions beforehand. The platform calculates your free withdrawable amount automatically based on margin requirements and open trades.
Verification and Documentation Problems
Issues with verification documents such as unclear images or expired papers delay withdrawal approval. Make sure documents are current, legible, and match your account details. Our verification team sends instructions for correcting submissions if needed.
