I have sold some stocks from my holdings but proceeds not reflecting in funds, at least 80% should be credited. Is it the regular policy of Fyers? because other brokers are giving 80% of proceeds same day.
there is a Revision in Trading Policies on the sale proceeds with effect from 1st May 2023. Check out the article to know in detail.
I have read it. But in today only I have sold some holdings in Zerodha & angelone and they immediately credited 80% of total proceeds. I want to know whether this policy specifically applicable to fyers or other major brokers not following it.
The regulation is applicable across the brokers. However, as mentioned in the article, we are working on a Real-time EPI mechanism.
okay then will wait for it.