Can the withdrawn money be transferred to my secondary bank account?

All withdrawal payouts go exclusively to the primary bank account registered with your Punch profile. You cannot choose to receive a withdrawal into a secondary or any other bank account.

Why this restriction?

As per regulatory guidelines for stock brokers in India, client funds must be returned to the same primary bank account that was verified during account opening. This protects your money and prevents unauthorized transfers.

What if I want to change my primary bank account?

If you need your withdrawals to go to a different account, you will need to update your primary bank account details through the profile or account settings section of the app. The new account will need to be verified before it can receive payouts.