A Missed Opportunity
For weeks, Ketan had carefully analyzed market trends, news and predicting a significant rally on upcoming Monday morning.
On Monday, the market moved exactly as Ketan had predicted. Excited to capitalize on his foresight, he quickly moved to place an order—only to discover his trading wallet was empty.
With a sinking feeling, he realized what had happened. The quarterly settlement had occurred, automatically transferring his unused funds back to his bank account as required by SEBI regulations. Now, to execute his carefully planned trade, he needed to manually transfer money back to his trading account.
By the time Ketan added the funds to the wallet, the opportunity had vanished - What could have been a substantial profit was lost.
Ketan’s experience isn’t unique. Every month or quarter, thousands of traders face this same predicament when SEBI-mandated settlements automatically clear unused funds from their trading accounts, creating a barrier to timely trading.
What’s Quarterly or Monthly Retention Payout?
As many of you know, SEBI regulations require all stockbrokers to settle client accounts every 30/90 days by transferring unused balances to clients’ registered bank accounts. These settlements typically happen on the first Friday of each quarter (or the previous trading day if Friday is a holiday).
This means you need to manually transfer funds back to your trading account after each settlement – a process that can be easy to forget and potentially cause you to miss out on important trading opportunities.
Our Solution: Auto-Fund Reversal
We’re excited to introduce the Auto-Fund Reversal feature that automatically returns your designated funds to your trading account after settlement. This ensures you can continue trading without interruption or missed opportunities.
How to Set Up Auto-Reversal:![|210x333]
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Go to the funds page and click on the Auto-Reversal widget/banner.
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Enter the mandate amount you want to automatically reverse after settlements (It’s recommended to set up a maximum limit to avoid situations where settled amount is greater than mandate limit).
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Select your primary registered bank and choose your preferred UPI app (or enter any UPI ID/VPA).
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Authorize the mandate through your UPI app – Important: Make sure you approve using the same bank you selected in step 3.
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A verification charge of ₹1 will be deducted and immediately refunded to verify your bank account.
That’s it! The auto-reversal will be activated starting with your next monthly or quarterly settlement payout.
Don’t worry – you can pause or delete the mandate anytime from your UPI app or bank if you need to.
How It Works:
- You’ll receive a notification from your bank one day before the scheduled debit, including the amount that will be transferred.
- The debited amount will be the minimum of: your mandate limit OR the funds that were transferred to your bank account during settlement.
Set up Auto-Reversal today and never worry about manual fund transfers after settlements again!