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Sagot

In my experience as a trader, when considering a withdrawal from a broker like Motilal Oswal, I always make it a priority to verify the specific requirements directly with their customer service due to the absence of regulatory oversight and the inherent risks that can come with that. While the platform offers a broad range of financial services in India, notably it is not regulated by any internationally recognized financial authority and has been subject to regulatory warnings and penalties locally. That makes providing the correct documentation—such as proof of identity, proof of address, and valid bank account details—even more important for security and to avoid delays. Typically, I would anticipate needing to furnish a government-issued photo ID (such as an Aadhaar card, PAN card, or passport for Indian residents), a recent utility bill or bank statement to confirm my address, and possibly proof of my bank account ownership, especially if it is my first withdrawal. Because Motilal Oswal does not offer a demo account or direct forex trading, their procedures might align more closely with those used by stockbrokers and investment providers in India. Given the risk profile highlighted by their lack of regulation and recent sanctions, I would proceed conservatively and keep full records of all communications and submissions for transparency and self-protection. It's prudent to reach out to their official support channels to confirm exactly which documents are currently required, as procedures can change, especially for unregulated firms.