New Running Account Settlement Rule - Single day for clients of all stockbrokers in India

If you haven’t traded once in 30 days, money has to be sent back mandatorily. If you are actively trading, then on the first Friday of the quarter, unused funds on that day have to be sent back. So if you are an active trader, it is once a quarter. Unlike earlier, brokers have to settle all customers on one day vs spreading out over a quarter, hence the working capital requirement goes up exponentially.

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