Coinbase India Rupee Withdrawals Still Down After Five Days

Coinbase India said the disruption affected the bank’s payouts for all its clients, not just Coinbase. In a Nov. 14 post on X, the company said customer funds were safe and its team was working with the bank around the clock. It did not identify the partner or provide an estimate for restoring withdrawals.

The exchange’s incident notice first recorded the problem at 3:07 a.m. PST on Nov. 9, or 4:37 p.m. in India. The initial alert covered possible issues with withdrawals, new bank links, UPI and deposits. A later update that day, at 19:49 PST, said the outage was limited to INR withdrawals; deposits, UPI and bank linking were operating normally. No restoration estimate appeared in the updates.

Customers replying to the announcement complained about the length of the disruption and the timing of Coinbase’s communication. Some asked the exchange to allow crypto withdrawals instead. Coinbase’s India help page says linking a bank account permanently disables sending crypto to other customers, wallets or exchanges, citing local banking requirements. Removing the account does not restore that ability. Users can still trade and receive crypto.

Coinbase’s payment-method guide lists IMPS for rupee deposits and withdrawals, up to 500,000 rupees per transaction. UPI supports deposits of up to 100,000 rupees per transaction per day, but is not listed as a cash-out method.

The rupee services followed Coinbase’s phased return to India. The company reopened registrations in December 2025, initially offering crypto-to-crypto trading, after securing FIU registration in March 2025. Its May 31 launch announcement introduced direct rupee deposits and withdrawals through IMPS, local INR order books, spot trading and perpetual futures access for Indian customers.