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Mandatory Quarterly Settlement Payouts To Be Initiated on 6th October 2023!

Fyers Web
SEBI Regulations
5 October '2023
10:30 AM

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 6th October 2023 (Friday).

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

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