What is auto-settlement? Can I choose when I receive it?

According to SEBI regulations, brokers must transfer unused funds from your trading account to your bank account on the first Friday of the month or quarter. You can choose when to receive these funds (monthly or quarterly) when you open your account. To change this frequency later on from monthly to quarterly (or vice versa), contact us or raise a ticket.

Note:

  • If Friday is a trading holiday, receive these funds on the previous trading day.
  • If you haven’t traded for a while, all unused funds will be transferred to you as per SEBI regulations.