Withdraw refers to the action of taking money out of an account, ATM, wallet, or investment.

For example, if you take out ₹2,000 from an ATM, that action is considered a  withdrawal from your bank account.

How to Understand :  

Withdrawing money is the opposite of depositing; when you withdraw, cash moves out  of your account.

Importance :

It allows you to access cash whenever you need it, providing flexibility.

Withdrawals are required for payments that cannot be made digitally, such as buying  items in cash.

They are essential for managing liquidity and ensuring you have cash available for  emergencies.

Tracking withdrawals helps you understand your personal cash flow and spending habits.