Quarterly Settlement Process

What Happens?
Every three months (January, April, July, and October), any unused funds in your trading account, after clearing all dues, are transferred to your bank account.

When?

• The settlement is done on the first Friday of the quarter.
• Funds are credited to your bank account the next day (Saturday).
• If Friday is a holiday, the settlement occurs on the previous trading day.

Example:
If your trading account has an unused balance of ₹1 lakh on the first Friday of July, this amount will be transferred to your bank account on Saturday.

Monthly Settlement Process

For Monthly Option: If you’ve opted for monthly settlement, the same process occurs every month instead of quarterly.

Updates: You’ll receive an email with the settlement details and a statement of accounts.

Special Case: Inactive Accounts

1. No Trades for 30 Days: If you haven’t traded in the last 30 days, the full balance in your trading account will automatically be transferred to your bank account on the first Friday of the next Calendar Month, even if you’ve opted for quarterly settlement.
2. Start Trading Again: If you trade before the next settlement, your chosen cycle (monthly or quarterly) will resume.

This process ensures compliance with regulations, protects your funds, and keeps you informed at every step.