As per the circular dated 27 July 2022, the Securities and Exchange Board of India announced that the quarterly payout must be initiated on the first Friday of every quarter, starting from 1 October 2022 onwards. As a result, the unused funds in your trading account will be transferred back to your bank account on 5th July 2024 and 6th July 2024 (the First Friday and Saturday of the quarter).

For details on the quarterly payout mechanism, refer to this notice.

Note:

• If your account is due for quarterly settlement, you may notice a reduction in the trading account balance.
• The credit of funds will be as per the bank timings

For the recent update on the quarterly settlement, kindly refer to this circular.