The disruption began November 9 and remained unresolved November 14, with no restoration timeline announced.
In a November 14 post on X, Coinbase India said the outage affected the bank’s payouts to all clients, not just Coinbase.
‘INR withdrawals are temporarily unavailable due to an outage at our banking partner. The outage is affecting the bank’s payouts for all of its clients, not just Coinbase.’
The company assured users their funds were safe, while INR deposits, including UPI, and bank linking continued normally.
Separately, Unocoin suspended its services on November 9 following unauthorized activity involving its infrastructure.
On November 11, ZebPay reported delayed INR withdrawals due to a banking partner’s technical disruption, while cryptocurrency withdrawals remained temporarily suspended.
The outage follows Coinbase’s expansion of INR banking services through IMPS in June 2026, after its FIU-IND registration in 2025.
Some netizens complained about pending withdrawals and urged alternative banking arrangements.
‘Solve that problem as early as possible. We need our hard earned funds quickly’, a user wrote.
‘Deposits are working fine with banking partners, but withdrawals are not. What a joke’, another wrote.
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