31 Dec 2018, 09:00 AM
Quarterly Settlement processed for the Quarter Oct-Dec 2018Settlement of Funds & Securities through Quarterly Settlement is an initiative by SEBI to ensure brokers do not misuse client funds and/or securities.
If your account has unutilised funds and you don't have any open positions, it is considered for settlement and the money in your trading account will be sent to your bank account as per this NSE circular
The payout has been made from our accounts and will reach your registered bank account by Monday, December 31, 2018, 6 PM.
If you transfer money back into your trading account within 3 days, we will refund the payment gateway charges.
If you would like to invest in a liquid mutual fund instead, please choose the appropriate option on Console. Read more about this here.