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If I have given a standing instruction and also I give a specific funds payout request, will funds still be settled as per standing instruction process as prescribed above ?

Modified on: Fri, 12 Jul, 2019 at 4:36 PM

This query deserves some extra attention to details. Here's how it works. the following table will hopefully clarify your query!

	*Ledger balance Rs.**(1)*	*SPAN required Rs.(2)*	*Clear credit balance Rs.* *(1) - (2)*	*Payout request Rs.*	*Settlement details*
*Case A:* *Payout request = Clear credit balance*	*100000*	*30000*	*70000*	*70000*	*Payout processed for Rs 70000. Settlement considered as Standing Instruction settlement and thus settled for the quarter*
*Case B:* *Payout request < Clear credit balance*	*100000*	*30000*	*70000*	*50000*	*Payout of Rs 50000 processed. Rs 20000 balance available. Settlement is NOT considered as SI settlement*
Case C: Payout request > Clear credit balance	*100000*	*60000*	*40000*	*50000*	*Payout of Rs 40000 processed. Settlement is considered as SI settlement and thus settled for the quarter*