Is the clause of Retention of Rs.10000/- still applicable?

Is the clause of Retention of Rs.10000/- still applicable?

The following clause, which was part of the RUNNING ACCOUNT AUTHORIZATION, is now redundant and not applicable.

‘I/we understand and authorize that you will not release the payout in case the balance after necessary retention is up to 10000/- or any other sum as specified by exchanges from time to time in any of the quarters till my revocation in writing, as I/we will be doing regular trading with you.’



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