Every 3 months, SEBI makes it compulsory for brokers to return any unused money in client’s trading account back to their bank account. This is called a Quarterly Fund Settlement.
So, on Saturday, 4 October 2025, any unused funds in your Upstox account will be sent to your registered bank account. You can check your bank statement to confirm the refund.
Want your funds to come back automatically into your Upstox account on Monday? Just set up a ‘Fund Reversal’ mandate from the Funds tab in the app.
If you don’t, your account balance may show ₹0 on Monday and you’ll need to add funds again before trading.
For NEFT/RTGS transfers, please add Upstox as a beneficiary by Friday, 3 Oct (details below):
Bank: HDFC Bank
A/c Name: Upstox Securities Pvt Ltd - USCNB A/C
A/c No.: 57500001411011
Type: Current Account
IFSC: HDFC0000060
Due to high transaction volumes, fund transfers could take up to 2 working days. Don’t worry this process won’t affect your current orders, holdings, or positions.
I Have setup a UPI Fund Reversal due to the Quarterly Settlement. Is that Mandate going to kick in only on Monday ?
Also the Mandate is only for 15k and my reversed funds are much greater, will this mandate still work in multiple iterations to reload the wallet with the reversed funds.
The mandate amount is fixed at ₹15,000. Even if your account has a higher balance, only ₹15,000 will be executed. Mandate execution occurs 36-48 hours after the fund reversal, so for most users, execution happened on Monday. If you set up a mandate after Saturday, the funds will be reversed in the next settlement cycle, i.e., in January.
I Have to add though that from a user’s point of view, if I setup a mandate now, I won’t know the actual amount of funds that will be settled in the next quarterly settlement, so the mandate created now would not be useful.
I know that this feature is itself a workaround for better user experience to have funds reversed after a settlement but if there is a possibility from the relevant team to create an iterative process to reload exactly the funds settled to be reversed in the case that the mandate is smaller than the reversed funds.
Want your funds to come back automatically into your Upstox account on Monday? Just set up a ‘Fund Reversal’ mandate from the Funds tab in the app.
If you don’t, your account balance may show ₹0 on Monday and you’ll need to add funds again before trading.
Due to high transaction volumes, fund transfers could take up to 2 working days. Don’t worry this process won’t affect your current orders, holdings, or positions.