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, then such settlement shall happen on the previous trading day.
If you have not traded for a span of 30 days, then payout will be processed in the next 3 days.
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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 ...
Will the running account amount be settled if client has an open positions?
If client has an open position in the derivatives segment, then the date of contract expiry or the date on which position is closed may be treated as the last transaction date, for the purpose of computing 30 calendar days for returning the credit ...
When will the funds in my account be settled?
SEBI in 2022 had mandated settlement of running accounts of clients’ funds on the first Friday of the quarter/month. If the first Friday is a trading holiday, then such settlement shall happen on the previous trading day. Exchanges have jointly ...
What is Running Account Authorization (RAA)?
Running Account Authorization (RAA) is an authorization given by you to the Broker to maintain funds and securities in your account held with the Broker and not release the same within one working day of the payout from the Exchanges. Based on the ...
Can client choose/change the Running account authority online?
Client can activate Running Account Authorization through Mobile App or TTweb. For Mobile App:- Step 1: Click on the Hamburger Menu and then your client code Step 2: Click on view/edit details Step 3: Visit My Account> Profile > My Details Step 4: ...