Can a client ask for the exclusion of their account from settling quarterly?

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• How can a client place a trade after the quarterly settlement?

  If a client wish to place trades after a quarterly settlement is effected in your account i.e. after the funds are credited to your bank account, you will have to transfer back the funds to us towards your margin requirements and can place trades ...

• What is the impact of Quarterly Settlement on clients?

  Effective October 1, 2022, 5paisa has laid out the following guidelines as per SEBI Circular dated 27072022 regarding the settlement of client's running accounts for funds, which will occur on the first Friday of every quarter: 1. Clients who have ...

• If a client has an open position or debit balance, will it be squared off for settling the account?

  No. Client's open positions or debit balance shall be subject to the Risk Management Policy of the company and square-off shall happen if the risk parameters are hit or a margin shortfall occurs.

• What is a Quarterly Settlement Payout Process?

  Quarterly Settlement Payout Process means that every three months, according to SEBI Circular dated 27072022 , any money in your trading account will be sent back to your primary bank account. This happens on the first Friday of January, April, July ...

• When is the Stock SIP mandate amount deducted from the client’s bank account?

  The required amount (along with a small buffer) for the Stock SIPs will be debited from the client’s bank account one day prior to the Stock SIP date and credited to the client’s ledger. Please note that this amount is not blocked in the ledger ...