If the client has not given an authorization to maintain a Running Account, the funds will be settled with one working day of payout. This is called daily settlement.

If the client has given running account authorization, the funds will be settled once in a calendar month or quarter based on the clients standing instruction. This is called running account settlement.  Further, during the quarter / month, if the client turn into credit or debit vice versa on the specified date, the system will treat as running account settled and send the statement to the client accordingly.