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27 Jun 2024, 10:00 AM
Quarterly Settlement of Funds - July 2024
All unused funds in your Zerodha account as of the end of the day on July 5, 2024, will be transferred back to your primary bank account as part of the mandatory quarterly settlement process. You can expect to receive the credit of funds in your bank account during the day on July 6, 2024.
Stockbrokers are required to transfer unused funds back to the client’s bank account as per SEBI regulations. Learn more.
Note:
- Clients with inactive accounts (no trades, fund additions for the last five days), the funds will be transferred back between the 1st to 4th of July. Funds added back to the trading account before 5th July and remaining unused will be settled back to the bank account as per the regulatory requirement.
- Withdrawal requests placed on the 5th of July onwards will be processed on the 8th of July.
- Funds additions for the equity segment will not be available from 8 pm, 5th July until midnight.
- For clients with no trades in the Commodity segment in the last 5 days, the funds will be transferred back on 4th July. Funds added back to the trading account before 5th July and remaining unused will be settled back to the bank account as per the regulatory requirement.
- Unused funds beyond the 125% of the margins utilized in the Commodity segment, will be reduced from the available margin on July 5, 2024, and will be transferred back to the primary bank account.
- Instant withdrawal will not be available on July 06, 2024.