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How to Withdraw Money from Quotex in India to Bank Account
How to Withdraw Money from Quotex in India to Bank Account
Withdrawing your profits directly to a bank account in India from Quotex is not just possible—it’s practical, secure, and increasingly preferred by traders who want more control over their funds. In this detailed guide, I’ll walk you step-by-step through how to withdraw money from Quotex in India to bank account, what to avoid, what documentation you need, and how to get your money smoothly and safely.
💰 If you're still exploring whether this broker is right for you, read this Review Quotex 2025 to understand its pros, cons, and legal standing.
⏩ Visit the Quotex Official Website 👈👈👈
⏩ Open Quotex Account - link here 👈👈👈
Why Bank Withdrawals Are Preferred by Indian Traders
For many serious traders in India, withdrawing directly to a bank account offers:
✅ Transparency for financial tracking✅ Simple access to cash (ATM, cheque, NEFT)✅ Legal documentation for income proof✅ Faster domestic use of profits (shopping, investment, etc.)
While wallets and UPI are great, withdrawing to your bank account feels more "official" and is ideal for managing large profits.
🏦 Can You Withdraw from Quotex Directly to an Indian Bank Account?
Yes, but there’s a specific method to follow:
Quotex doesn’t allow direct bank account withdrawals in all cases
However, it supports UPI and IMPS, which are tied to your bank account
So when you withdraw using UPI (PhonePe, Paytm, Google Pay), it still goes into your linked bank account
➡️ Therefore, yes—you can withdraw from Quotex to an Indian bank account, primarily via UPI/IMPS or using a connected e-wallet with bank transfer capability.
🔐 Prerequisites for Withdrawal to Bank Account
Before you initiate your first Quotex withdrawal to bank account, ensure:
KYC Verified Account (PAN card, Aadhaar, bank passbook screenshot or account statement)
Same name on Quotex and bank account
Used same method to deposit initially (UPI or wallet)
Minimum balance available for withdrawal ($10 or INR ~850)
Need to ensure Quotex is secure before doing this? Review this breakdown: Is Quotex safe?
⚙️ How to Withdraw Money from Quotex to Bank Account in India
Follow these professional, step-by-step instructions:
Step 1: Log into Your Quotex Account
Verify your identity and check that you’ve made previous successful deposits with the method you’re now using.
Step 2: Go to ‘Withdraw’ Section
Click on the menu and select Withdraw Funds.
Step 3: Choose the UPI or Wallet Method Linked to Your Bank
You can use:
UPI ID (linked to your bank account like yourname@okicici)
Paytm, Google Pay, or PhonePe (connected directly to your bank)
Skrill or Neteller (if you later transfer from these to your bank)
Step 4: Enter Withdrawal Amount
Minimum: $10 (~₹850)Maximum: Depends on the withdrawal method (UPI is usually up to ₹1,00,000/day)
Step 5: Confirm and Submit
Enter the UPI ID or wallet details, click submit, and wait for confirmation.
Step 6: Monitor Your Bank Account
The funds should land in your bank account within 24 hours (UPI/IMPS), or within 1–3 business days (wallet to bank).
💡 Want to test the platform first? Use their Quotex demo before trading with real funds.
⚠️ Common Withdrawal Problems and Fixes
❌ Name Mismatch
Your Quotex name must match your bank account name.
❌ Incorrect UPI ID
Always double-check your UPI handle before submitting.
⏳ Delays in Processing
Usually, UPI and wallets are fast—but if your request is flagged for security, it may take longer.
❌ Trying to Use Unverified Methods
Stick to the method used for deposits to avoid rejection.
📌 Pro Tip: If your withdrawal is delayed more than 72 hours, contact support with full transaction ID and proof.
🧠 Tips for Smooth Withdrawal to Bank Account
Avoid weekends/public holidays for withdrawals
Withdraw small amounts first to verify the process
Keep screenshots of every step for your records
Use UPI over bank transfers for speed and success rate
📲 What’s the Fastest Way to Withdraw to Indian Bank Account?
✅ UPI linked to your bank is the fastest and most secure way✅ Wallets like Paytm, PhonePe auto-connect to your account✅ Crypto withdrawals take longer to convert but are possible via P2P transfers to your bank
Want to see what other traders say about the process? Check out Review Quotex broker for real testimonials.
🔄 How Long Does It Take to Withdraw to Bank in India?
UPI: 15 minutes to 24 hours
Wallet to Bank: 1–2 business days
Crypto to Bank (via 3rd party): Up to 3–5 days
💬 Real Trader Quote
“I’ve withdrawn over ₹2,50,000 from Quotex directly into my SBI bank account using PhonePe. As long as you follow the right method, it’s quick and stress-free.”
– Kunal R., Trader from Mumbai
🛡️ Is It Legal to Withdraw from Quotex to Bank in India?
Yes. While binary trading is not regulated by SEBI, it’s not illegal either. As long as you declare your income and use proper banking channels, you’re fully within your rights as a financial trader.
Stay compliant. Pay taxes. And trade responsibly.
Q&A – How to Withdraw from Quotex to Bank Account in India
Q1: Can I withdraw directly to a bank account?A1: Yes, using UPI or wallets linked to your bank.
Q2: What’s the minimum withdrawal to bank account?A2: $10 (approx. ₹850)
Q3: Is UPI the same as a bank withdrawal?A3: Yes, UPI transfers money directly to your bank.
Q4: Can I use someone else’s bank account?A4: No. The bank account must match your Quotex profile name.
Q5: What is the withdrawal time for Indian banks?A5: Usually 24 hours for UPI and wallets.
Q6: Are there fees involved in withdrawing to a bank?A6: Quotex doesn’t charge fees, but your bank or wallet provider might.
Q7: Can I withdraw crypto to my bank?A7: Indirectly, yes. Convert to INR using exchanges and transfer to your bank.
Q8: What happens if I input the wrong UPI ID?A8: Your funds may be stuck. Always double-check before confirming.
Q9: Do I need to complete KYC before withdrawing?A9: Yes, verification is mandatory for withdrawals.
Q10: Is it safe to withdraw to bank from Quotex in 2025?A10: Absolutely, as long as you follow the verified and recommended steps.
Withdraw smartly. Withdraw safely. Withdraw profitably.Start your journey now with Quotex India and experience transparent financial trading, backed by modern payout solutions designed for Indian traders.
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