Running Account Settlement On 8th April 2023 [Sep 28,2023]
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 6/4/2023 (Thursday, Friday being a holiday) will be transferred to your Primary Bank Account.
Request you 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 8/4/2023 (Saturday)
Payout requests, if any on 6th will be cancelled as the withdrawable funds lying in the account are anyway being settled.
We have updated the FAQs on the new Running Account Settlement process here.
