- Why were my Funds transferred to my Bank Account even though I didn't place a fund withdrawal request?
Any unused funds in your trading account will automatically be transferred
to your linked bank account. This is done as per SEBI guidelines mentioned in
Circulars SEBI/HO/MIRSD/MIRSD-Pod1/P/CIR/2023/197 (dated 28-Dec-2023), SEBI/HO/MIRSD/DOP/P/CIR/2022/101
(dated 27-Jul-2022), and SEBI/HO/MIRSD/DOP/P/CIR/2021/577 (dated 16-Jun-2021)
related to the settlement of client funds lying with the Trading Member (TM).
The settlement of the client’s running account of funds shall be
carried out on the first Friday and/or Saturday of each calendar
month or quarter, as opted by the client. In case the first Friday and/or
Saturday is a trading holiday, the settlement will be conducted on the previous trading day.