Hello Guys , I hope you all are fine and enjoying How To articles . I have already posted a article about ‘ PhonePe Liquid Fund ‘ . Today in this article you will get to know about ‘ How To Withdraw PhonePe Liquid Fund ‘ . If you don’t yet what is PhonePe Liquid Fund and how to use it then read our older article .
First of all i would like to tell you PhonePe Liquid Fund Withdrawal Process is very simple . You can withdraw money from Liquid Fund instantly . But only 90% or ₹50000 whichever is lower , can withdraw instantly . And the remaining 10% will be credited to your account with interest after 2-3 days .
Also Read : How To Use PhonePe Liquid Fund
PhonePe Liquid Fund
I already wrote an article where i discussed everything related to PhonePe Liquid Fund . This is a new feature from PhonePe . Many people things this is PhonePe Mutual Fund . But it is not that . Mutual Fund has a locking period but Liquid Fund hasn’t . You can withdraw your fund from PhonePe Liquid Fund anytime without paying any charge or TAX .
PhonePe Liquid Fund Withdrawal Process
To withdraw money from PhonePe Liquid Fund , you have to invest on it first . How to invest on PhonePe Liquid Fund , i already discussed .
As you all know i had invested Rs 500 in Liquid Fund on 22nd February 2020 . Later than on 3rd march 2020 i made withdraw from it without paying a charge . At that time only 90% of the amount transferred to my bank account instantly . And the remaining has transferred within later two days .
Now come to the point , how to withdraw PhonePe Liquid Fund .
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How To Withdraw PhonePe Liquid Fund
To withdraw money from PhonePe Liquid Fund , open PhonePe app after investing on it . Then click on the below ” My Money ” option . After that you can see a option Liquid Fund . Now if you already invested on liquid fund simpy click on withdraw option .
Remember if you want to withdraw within 7 days of investing date , then you have to pay some charge . But after that you don’t have to pay any charge .
Now you don’t have to do anything your money will be transferred to your bank instantly . But only 90% . As you can see i have invested ₹500 , but i got only ₹450 instantly . And the remaining ₹50.34 including tax will be transferred to my account within 2 days .
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In my YouTube Video a lot of user commented about interest rate . Users ask me ” interest is daily or monthly ” . So as you can see PhonePe Liquid Fund Interest Rate is daily applicable . I got on ₹0.34 extra for 10 days investment of ₹500 .
So guys i think now you all know about PhonePe Liquid Fund withdrawal Process . If you don’t know yet what is PhonePe Liquid Fund then read previous articles . If you have any problem then comment down below . Also if you want to know more about me then follow me on Instagram , YouTube . Thanks for your time .