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What is an auto-settlement?

As per SEBI regulations, all brokers must transfer all unused funds in your trading account back to your bank account on the first Friday of either the month or quarter. This is called auto-settlement. You choose whether to receive this money monthly or quarterly, at the time of opening an account with us.  

Note: 

  • If Friday is a trading holiday you will receive this money on the previous trading day
  • If you haven’t traded for quite a few days, all unused funds will be credited back to you as per SEBI regulation