What are Funds Settlement Payout Guidelines ?

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• What are Funds Settlement Payout Guidelines ?

  Running account client will be settled on first Friday of every Quarter ( Quarterly Client) i.e. October 2022, January 2023, April 2023, July 2023 and so on. For a Monthly payout enabled client the client would get settled every month on 1st friday. ...

• What is Periodic settlement?

  1.In case clients have given RAA, actual settlement of funds and securities is required to be done at least once in a quarter or once in a month as per the periodicity of settlement selected by client. 2. Clients can thus, while giving RAA, select ...

• What is the value of funds that a broker can retain while doing the settlement?

  In case a client has any open position on the first Friday of the month/quarter on which settlement of the running account of funds is scheduled, a broker may retain funds calculated in the manner specified below: 1) Entire pay-in obligation of funds ...

• What is Quarterly Settlement or Running Account Settlement?

  As per SEBI, the stockbrokers need to settle the funds lying in your trading accounts at least once in a quarter (90 days) or in 30 days as opted by you. This process of transferring unused funds back is called ‘Running Account Settlement’ or ...

• Could you clarify why my client's funds were automatically paid out/settled?

  If your clients have given RAA, actual settlement of funds and securities is required to be done at least once in a quarter or once in a month as per the periodicity of settlement selected by client. Hence fund is auto payout in client bank account ...