Coinbase users in India have been waiting for their money as the exchange continues to suspend INR withdrawals because of a banking outage that has lasted more than five days. The exchange has not given a clear timeline for restoring the service.
Unocoin has suspended all deposits and withdrawals, while ZebPay has warned users that banking issues are delaying INR withdrawals.
Coinbase INR Withdrawals Halted
On 14 November, Coinbase India announced on X that INR withdrawals were temporarily unavailable because of an outage at its banking partner. The exchange advised users not to initiate new INR withdrawals, warning that requests made during the outage could fail or remain pending.
An update for Coinbase users in India
- Coinbase India (@CoinbaseIndia) November 14, 2026
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.
Your funds are safe. INR deposits (including UPI) and bank account…
Coinbase also assured users that their funds were safe and said it was working with the bank to restore withdrawals.
The outage has frustrated users on X, who have urged Coinbase to change its banking partner and said they have been unable to withdraw their money for more than five days.
Coinbase has not yet provided a clear timeline for when withdrawals will resume.
The disruption comes shortly after Coinbase expanded its rupee services in India. The exchange enabled INR deposits and withdrawals through IMPS after registering with India’s Financial Intelligence Unit.
Unocoin and ZebPay Face Issues Too
Coinbase is not the only platform experiencing service problems in India, although the causes differ.
Unocoin, another well-known Indian cryptocurrency exchange, has halted all deposits and withdrawals since November 9, 2026. The exchange has not said when the services will resume.
ZebPay, meanwhile, said INR withdrawals were still working but taking longer than usual. On November 11, the exchange said a technical issue at its banking partner was causing the delays.
𝐀𝐧 𝐔𝐩𝐝𝐚𝐭𝐞 𝐨𝐧 𝐅𝐢𝐚𝐭 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥𝐬, 𝐂𝐫𝐲𝐩𝐭𝐨 𝐃𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐚𝐧𝐝 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥𝐬
- ZebPay (@zebpay) November 11, 2026
We understand that the recent service disruptions have caused inconvenience. We appreciate your patience and continued trust.
We are undertaking upgrades across… pic.twitter.com/4mtTbLnryL
The disruptions have left users of several Indian crypto platforms facing difficulties with rupee deposits and withdrawals.
RBI’s Stance on Crypto Banking
The latest problems come as India continues to take a strict approach to crypto and banking.
In June, RBI deputy governors said banks and financial institutions should avoid crypto-related businesses and should not hold or trade crypto.
The RBI also warned that virtual digital assets could pose risks to an emerging economy such as India.
Despite these warnings, India permits crypto trading under tax rules, including a 30% tax on gains and 1% TDS, while asking banks to distance themselves from crypto-related businesses.
