Once in a calendar quarter between 87th day and 90th day on a best effort basis the eligible funds which is ledger balance minus 225% of SPAN margin will be released. If the eligible balance is less than Rs.10,000 the amount will not be settled and treated as default settlement only if the client provides his/her consent for the same. Consent will be sought from you when you open an account with us along with the Standing Instructions.
How is the Running Account settlement of Funds done?
Modified on: Wed, 27 Aug, 2014 at 5:41 PM
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