Coinbase users in India are still waiting for a clear timeline on when rupee withdrawals will resume, as the exchange continues to halt INR withdrawals because of an outage at its banking partner. The disruption has lasted more than five days, according to the source account.
Coinbase Cites Banking Partner Outage
On Nov. 14, 2026, Coinbase India said on X that INR withdrawals were temporarily unavailable due to an outage at its banking partner. The exchange said the outage was affecting the bank’s payouts for all of its clients, not just Coinbase.
Coinbase asked users not to start new INR withdrawals, warning that requests made during the outage could fail or remain pending. It also said user funds were safe and that it was working with the bank to restore withdrawals.
Users on X expressed frustration and urged Coinbase to change its banking partner, saying they had been unable to withdraw money for more than five days. Coinbase has not provided a clear timeline for when withdrawals will resume.
The timing is notable because Coinbase recently 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 Report Problems
Coinbase is not the only platform dealing with service problems in India, although the causes are different.
Unocoin has stopped all deposits and withdrawals since Nov. 9, 2026. The exchange has not shared when these services will resume.
ZebPay said INR withdrawals are still working but taking longer than usual. On Nov. 11, 2026, the exchange said a technical issue at its banking partner was causing the delays.
The disruptions have left users across multiple Indian crypto platforms facing problems with rupee deposits and withdrawals.
Regulatory Backdrop
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 stay away from 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 like India.
Despite those warnings, India allows crypto trading under tax rules, including a 30% tax on gains and a 1% TDS, while asking banks to distance themselves from crypto-related businesses.
