We use an internal logic for the settlement of accounts. The day you receive your stock/funds back, is the day your account is considered settled. You would also receive a ‘Statement of retention’ and an ‘Account statement’ from us explaining the basis of such payout. Your account has to be settled once in 90 days, this is what SEBI has mandated. From the 45th day of the previous settlement up until the 80th day, if you use up the 4.5 lacs even for one day, then the account gets settled by way of deemed settlement. I know its a little tricky for you as a client to keep track of these dates, but the idea is not to take a trade in order to ‘avoid’ receiving funds/securities back. The Quarterly Settlement rule was brought about keeping the client’s interests in mind.