RAA
How will the settlement be made in clien'ts account, in case he has not provided RAA to his broker?
1.In case client has not provided RAA to the Broker, client is required to make payment towards the purchases made latest by T+1 working days. 2.In case of sale transaction, payout towards the same shall be released to client within one working day ...
Does the regulator require the Running Account Authorization (RAA) to be updated?
No. Updation of RAA is not a mandatory requirement. You have an option of not updating RAA. In that case auto payout will be done in your account as soon as you are having credit in your account.
What is the validity of Running Account Authorization (RAA)?
RAA given by you would continue to be valid until it is revoked by you
How to update Running Account Authorization (RAA) after opening an account with IIFL?
You need to submit the self attested Running Account Authorization form. Click here to download the form Submit the form at the below mentioned address: IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle ...
When client can give Running Account Authorization (RAA)?
Client can give RAA at the time of account opening or after the account gets opened.
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 ...
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 ...