Enhanced Version of Payout on Jiffy App

We Have Upgraded Our Funds Withdrawal Process For You

Payouts are an important part of the fintech industry and with every coming day, Jiffy app(FinX app) strives to make every transaction seamless to our users.

As per the recent development in our payout system, the amount requested in payout will be immediately deducted from the funds available. Currently, after any payout request if there’s any fund utilisation between the time period of payout request & payout process, it gets adjusted from the payout.

Furthermore, in the current system, if multiple payout requests are done, the highest amount, out of all payout requests, is processed and all other requests of lower amount are ignored. But, In the new process, all multiple payout requests will be processed individually. So please make multiple payout requests only if required, as your trading margin will be impacted immediately.

For instance, if payout request by client is as follow:-

1st Request 10.30am – Rs.23,000

2nd Request 2.20pm – Rs. 38,000

3rd Request 3.28pm – Rs. 29,000

As per old process the payout of Rs.38,000 will be processed, which is highest of all payout requests.

But, as per new process the payout of Rs.98,000 (23,000 + 38,000 + 29,000) will be processed.

Payout Timings:-

1. Payout requested before 10.00 a.m., gets processed by 11.00 a.m. same day

2. Payout requested between 10.01 a.m. to 04:00 p.m., gets processed by 06.00p.m. same day

Note:
1. Payout amount will be subject to ledger credit in clients account.
2. This new payout system will be effective from 8th November 2021.

Hope the above will help us serve you better and look forward to an enchanting trading experience with Choice.