Before reading the below article, please refer to this article to understand the basics of running account settlement guidelines.
In-order to ensure un-interrupted trading, at PM Securities we shall be conducting settlements of running accounts only on Saturdays thereby ensuring that the clients get enough time to add funds back to their trading accounts by Monday morning.
In-order to ensure that settlements happen only on Saturdays and that incase of settlement via "physical payment instrument" the SEBI mandated settlement timelines are not breached settlements at PM Securities shall be conducted for all such clients:
1) That have not traded for the last 23 days and have a credit fund balance.
2) Who's fund balances have not been settled even once for the last 75 days.
On each Saturday, we shall check for a list of all such clients that have either not traded at all in the last 23 days Or who's funds ledger has not even been settled once in the last 75 days and shall return the excess fund in their account after adjusting for retainable balances as per SEBI guidelines.
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