- To maintain a running account with a broker, clients must provide written authorization specifying monthly or quarterly settlement and allowing revocation at any time.
- Key Rules as per SEBI Guidelines:
- Settlement is done after End of Day (EOD) obligations across all exchanges, based on the client’s preference.
- Credit balances of inactive clients (no trades in 30 days) must be returned within three working days.
- For fresh deposits without trades, the 30-day period resets from the deposit date.
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