Running Account Settlement for all clients on 6th, January, 2023
As per SEBI guidelines vide circular SEBI/HO/MIRSD/DOP/P/CIR/2022/101, the settlement of the running account of the clients funds has to be done on the first Friday of the calendar quarter.
Further to this all unused EOD balance lying in your account on 6/1/2023 (Friday) will be transferred to your Primary Bank Account.
Request our clients to make note of the following:
An amount of upto 225% of EOD Margins will be retained on open positions.
The funds will be credited to your Primary Bank Account by 7/1/2023 (Saturday)
Payout requests, if any on 6th and 7th will be cancelled as the withdrawable funds lying in the account are anyway being settled.
As the entire settlement is done at one go for a quarter, the pay in volumes are expected to be more by 25x on 9/1/2023 (Monday). We will be taking our best efforts to update the trading limits seamlessly. Clients can expect some delays in updating the Trading limits. We suggest you fund your account beforehand for seamless trading on Monday.
We have updated the FAQs on the new Running Account Settlement process here.
