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 ‘Quarterly Settlement of funds’.
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When will the running account amount be settled?
If you have opted for Monthly settlement, running account shall be settled on first Friday of each month. If you have opted for Quarterly settlement, it will be settled on the first Friday of every Quarter. If the first Friday is a trading holiday, ...
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 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. ...
How running account amount is calculated before releasing the final payout?
In case you have any open position on first Friday of the Month / Quarter on which settlement of running account of funds is scheduled, IIFL may retain funds calculated in the manner specified below: Outstanding pay-in obligation/Debit balance at the ...
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 ...