Comment on Quarterly settlement of funds & securities
commented on
22 Apr 2022, 02:20 PM
Hey Kaushik, recently, SEBI made changes in the way funds are settled, mandating that all brokers transfer back funds to the client’s account in 3 days if there have been no trades in the client’s account for a period of 30 days. This is despite the client having chosen the ’90-day’ settlement cycle. We’ve explained this here.