How to withdraw crypto to your Indian bank account
How to turn crypto into rupees in your Indian bank account: selling on an exchange, withdrawing INR, moving coins from a wallet, fees, TDS and mistakes.
- Checked against the rules: Oct 2026
- Sources cited · No buy or sell calls
Turning crypto back into rupees is straightforward on a registered Indian exchange. Here's the process, and the mistakes that cost people money.
If your crypto is already on an Indian exchange
- Sell for INR. Place a sell order on the spot market (usually cheaper) or use the instant sell option. Check the final rupee amount.
- Check your INR balance. Indian exchanges deduct 1% TDS from the sale proceeds.
- Withdraw to your bank. Go to the INR wallet, choose withdraw, and select your linked bank account, which must be in your name and match your KYC. Exchanges typically pay out by IMPS or NEFT.
- Wait for the credit. Many withdrawals arrive within hours; some take longer, especially for large amounts or first-time withdrawals.
If your crypto is in a self-custody wallet
- Get your exchange deposit address for that coin, and note the network, for example Ethereum, BNB Chain, Tron or Solana.
- Send a small test amount first from your wallet. Check it arrives.
- Send the rest, making sure the network matches. Sending on the wrong network can mean losing the funds.
- Sell and withdraw as above.
New to wallets? See what a self-custody wallet is.
Fees to expect
- Trading fee on the sale.
- Spread on instant-sell features.
- Network fee when sending from your wallet.
- INR withdrawal fee, flat or zero depending on the exchange.
Compare the rupees you actually receive, not the headline fee. Our exchange checklist covers costs in detail.
Tax when you withdraw
Withdrawing rupees isn't the taxable event; selling is. When you sell, any gain is taxed at 30% plus cess, losses can't be set off, and TDS deducted counts towards your tax. Try the crypto tax calculator and see the crypto tax guide.
Mistakes to avoid
- Selling to strangers on P2P to get a slightly better price. It can get your account frozen. Read P2P and frozen bank accounts.
- Using someone else's bank account. Exchanges pay out only to accounts in your name.
- Skipping the test transaction when moving coins between wallets.
- Forgetting the tax. Set aside money for tax on gains before you spend the proceeds.
Frequently asked questions
Why is my INR withdrawal delayed?
Common reasons are bank holidays, first-time withdrawal checks, large amounts, or a mismatch between your bank and KYC names. Contact the exchange's support with your transaction ID.
Can I withdraw crypto directly to UPI?
Exchanges withdraw rupees to your linked bank account. Some may support UPI-linked accounts, but you can't send crypto itself to UPI.
Is there a limit on how much I can withdraw?
Exchanges set daily or monthly limits, often linked to your KYC level. Check the limits in your account settings.
Sources
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