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 January 2023 (First Friday of the quarter).

Note: Payout requests placed on the 6th and 7th of January will not be processed due to the above mandate. The new request placed from Monday (i.e., 9th January 2023) will be processed on Tuesday.

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