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

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

  No, clients cannot request to be excluded from the quarterly settlement of their trading accounts. This process is mandated by the Securities and Exchange Board of India (SEBI), and neither the client nor the broker can opt out of it. The broker must ...

• What happens to open positions or debit balances?

  If a client has open positions or a debit balance, these will not be automatically squared off during the quarterly settlement process. Instead, these positions will be managed according to the company's Risk Management Policy. A square-off will only ...

• 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 a Quarterly Settlement Payout Process?

  Quarterly Settlement Payout Process means that every three months, according to SEBI rules circular view, 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, ...

• What is the impact of Quarterly Settlement on clients?

  Effective October 1, 2022, 5paisa has laid out the following guidelines regarding the settlement of clients' running accounts for funds, which will occur on the first Friday of every quarter: 1. Clients who have not traded for a period of 30 days: o ...