What is Net settlement for NSE-Equity with settlement? I can see a big amount getting debited with this entry after every few days. Can someone please explain this?
This is the money that is due to you (Credit) or is receivable from you for (Debit) your equity trades. By EOD, the same entries will be posted in your account saying “Net settlement for NSE-Equity with settlement number”. You can cross check the same with the trade book. You ll be able to identify the trades/ investments that you have done for the same date. You can also refer this support article for more clarity.
Thanks but I didn’t understand it. What is meant by This is the money that is due to you (Credit) or is receivable from you for (Debit) your equity trades
If you have purchased shares, you will find a debit entry with the amount used for purchasing the stock and if its a sale, you ll see a credit entry instead. And if it is an intraday, the profit/loss amount will be posted. You to cross check the same with the help of your tradebook.
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