Why are my unused funds credited back to my trading account?
As per SEBI guidelines, any unused funds lying in your trading account as on the first Friday of every month/quarter, depending on the frequency opted by you during the time of account opening, will be credited back to your linked bank account. In case you have opted for a daily settlement cycle, the unused amount shall be credited back to your linked bank account on the same day.
If we are unable to transfer the funds through electronic mode, we will issue a cheque in your name and send it to your registered address. Please note that this will incur a fee of Rs. 250, inclusive of GST.