I am investing for about 1 and half years. Last month I thought to withdraw a small amount just to check how withdrawal process works.
I am on Groww, so I sell the shares and the money gets credited into groww wallet. After that they allow 80% of the money to bank transfer and 20% later.
I was kinda get unsettled with this process. What if I sell a lot of my portfolio and the broker refuses for some ilintent reason to let me withdraw from wallet. What happens then? Does SEBI has some regulations around wallet?
I know after some time whatever balance you have in wallet is automatically get transferred to bank account but not sure if it is SEBII rule or Groww policy?