Quarterly Settlement Process:

• Timing:
  Under the quarterly settlement process, the free funds in the ledger, after accounting for all End of the Day (EOD) obligations across all exchanges, are settled on the first Friday of every calendar quarter (i.e., January, April, July, and October).
• Transfer:
  These funds are then transferred to the client's registered bank account on the following day, typically Saturday. If the first Friday falls on a trading holiday, the settlement will occur on the previous trading day.

Example Scenario:

• Suppose you have a credit balance of ₹1 lakh in your trading ledger at the end of the first Friday in July, with no open positions in any derivative segment.
• This ₹1 lakh will be processed for settlement on Friday evening and credited to your primary bank account on Saturday as part of the Running Account Settlement.

Monthly Settlement Option:

• Frequency:
  If you have opted for monthly Running Account Authorization, the settlement follows the same procedure but occurs every month.
• Notification:
  You will receive an email with a Statement of Accounts and settlement details, keeping you informed of the process.

Special Note:

• Inactive Accounts:
  If there is no trading activity in your account for a calendar month (30 days), funds will be settled once that month, regardless of your chosen settlement frequency.