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Mandatory Quarterly Settlement Payouts To Be Initiated on 5th January 2024!

Fyers Web
SEBI Regulations
04 January '2024
06:00 PM

As per the circular dated 27th 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 1st October 2022 onwards. As a result, the unused funds in your trading account will be transferred back to your bank account on 5th January 2024 (Friday).

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.

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