Hello everyone,
As you may be aware, SEBI Regulations mandate every stock broker to settle the account of all it’s clients who have credit balances in their trading accounts on the first Friday of every quarter.
To put it simply, any account funds / balance that is not used in your Dhan trading account will be sent back to your registered Bank Account. Thus, for the previous quarter, we will be processing the settlement on Saturday, 7th October 2023.
Here’s how it impacts you:
Once the quarterly settlement is processed, we will send back the unutilized funds in your trading account back to your registered bank account, which means your trading account on Dhan will have zero balance.
If you want to take a trade on Monday, 9th October 2023, you will have to add funds back to your Dhan trading account on Sunday or when the markets open on Monday using any of the following methods:
- UPI
- Netbanking
- Smart Transfer with RTGS / NEFT
Please Note:
- Payouts will be blocked between 5 PM on Fri, 6th Oct, 2023 and 8 AM on Sat, 7th Oct, 2023 pertaining to the settlement activity.
Friendly Remember: On Dhan, fund addition via any method is absolutely free of cost. We do not charge you for adding money to your Dhan account or withdrawing it.
We have covered all the FAQs regarding the settlement process here - Important: Update in the Settlement of Running Accounts
Enjoy your trading & investing experience on Dhan.
Thank you,
Trisha Agarwal.
Product @ Dhan