Subscribe
30 Sep 2024, 08:30 AM
Quarterly Settlement of Funds - October 2024
All unused funds in your Zerodha account as of the end of the day on October 4, 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 October 05, 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 30th September and 3rd of October. Funds added back to the trading account before 4th October and remaining unused will be settled back to the bank account as per the regulatory requirement.
- Withdrawal requests placed on the 4th of October onwards will be processed on the 7th of October.
- Funds additions for the equity segment will not be available from 8 pm, 4th October until midnight.
- For clients with no trades in the Commodity segment in the last 5 days, the funds will be transferred back on 3rd October. Funds added back to the trading account before 4th October 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 October 04, 2024, and will be transferred back to the primary bank account.
- Instant withdrawal will not be available on October 05, 2024.