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 the periodicity of settlement which can be either 'Quarterly' or 'Monthly'.

3.Based on the said authorization, settlement of funds and securities shall be made on monthly or quarterly basis.