Mandatory Settlement of Inactive Clients' Funds Revised: Entire Credit Balance to be Returned on Monthly Settlement Date.

SEBI has revised the rules for settling funds of clients inactive for 30 days. Now, the entire credit balance of such clients must be returned on the monthly settlement date, as specified by Exchanges, rather than within three working days after 30 days of inactivity. If a client resumes trading before the monthly settlement, the existing quarterly or monthly settlement preference applies. These changes are effective immediately to enhance business operations and protect investor interests. .....

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