Auto Settlement and Running Account Authorisation

Auto Settlement of Funds

What is Running Account Authorization:?
As per the exchange guidelines the settlement of funds and securities in a clients trading account has to be done within one working day of payout for e...
Wed, 23 Jul, 2014 at 11:15 PM
How is the Running Account settlement of Funds done?
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 wil...
Wed, 27 Aug, 2014 at 5:41 PM
What is the difference between daily settlement and running account settlement
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 dai...
Mon, 4 Apr, 2016 at 7:55 PM
What should I do to ensure that the funds in my Trading Account are not settled on a daily basis?
To ensure that your funds are not settled on a daily basis you can give a standing instruction in writing for Running Account Authorization.
Mon, 4 Aug, 2014 at 6:31 PM
What is the significance of giving Standing Instruction ?
If you give a standing instruction for Running Account, the funds in your account will be settled once in a calendar month/quarter. However in the interim...
Wed, 27 Aug, 2014 at 5:43 PM
Will the funds in my trading account automatically settled if I don’t do any trades?
Yes, the funds in your Trading account will be automatically settled once in a calendar month or quarter based on your choice given at the time of running ...
Mon, 4 Apr, 2016 at 7:57 PM
If I fund my Trading Account in last week of a given calendar quarter, will the unutilized money be settled at the end of the month ?
The settlement will be done between the 87th and 90th day of a calendar quarter if your given standing instruction for the quarter. Hence surplus (untilis...
Wed, 27 Aug, 2014 at 5:45 PM
Will the settlement of funds be done as a CQ payment or NEFT transfer
Settlement will be done through NEFT transfer. The funds will be in your Bank Account within one working day from the payout date subject to bank working...
Wed, 27 Aug, 2014 at 5:47 PM
What happens if the payment for Running Account Settlement does not reach me for some reason?
The running account settlement might not reach you due to mismatch in the bank account number or name registered in the bank portal. Such  funds will be r...
Wed, 23 Jul, 2014 at 11:26 PM
What kind of intimation will I get when Auto settlement of Funds is done in my Trading Account?
Statement of accounts along with settlement details will be sent to your registered email id. Apart from this, you will also receive the SMS alert upon r...
Wed, 23 Jul, 2014 at 11:12 PM