While opening the account there was an option to select auto settlement time period. Currently monthly - a big pain.
I want to change it to maximum now (I think quarterly).
Can’t find this setting, please help.
While opening the account there was an option to select auto settlement time period. Currently monthly - a big pain.
I want to change it to maximum now (I think quarterly).
Can’t find this setting, please help.
Hi @saiu
Quarterly account settlement is mandatory. The monthly settlement happens only if you haven’t traded for 30 days.
You mean it cannot be changed from monthly to quarterly?
@saiu Yes, it’s a compulsory SEBI requirement. As explained in the support article, funds must be sent back if there’s 30 days of inactivity and every quarter.