REMINDER: SEBI’s Quarterly Fund Settlement

Announcements
1

As per SEBI’s Quarterly Fund Settlement rule, any unused funds in your Upstox account will be automatically transferred to your registered bank account by Saturday, 5 April 2025.

To avoid the hassle of manually adding funds again, you can set up a ‘Fund Reversal’ mandate from the ‘Funds’ section in the latest version of the app: Funds Tab. This will ensure that the settled amount is seamlessly credited back to your Upstox account.

What you should do:

  • Please check your bank statement to verify and view the returned funds
  • To ensure seamless trading on Monday, 7 April 2025, please add funds to your Upstox account in advance. If you haven’t set up a reverse mandate, your account balance may be zero on that day. Know more: How can I transfer funds?
  • If you’re using NEFT/RTGS, please add Upstox as a beneficiary at least 24 hours in advance, ideally by Friday, 3 January. Below are the beneficiary details:

For Equity, F&O, Currency, or Commodity trading:

  • Bank Name: HDFC Bank
  • Account Name: Upstox Securities Pvt Ltd - USCNB A/C
    Account Number: 57500001411011
  • Account Type: Current Account
  • IFSC Code: HDFC0000060

For Commodity trading:

  • Bank: HDFC Bank
  • Account Name: RKSV Commodities India Pvt.Ltd.
  • Account Number: 15770340022236
  • Account Type: Current Account
  • IFSC Code: HDFC0000060

Due to the high volume of transactions on this day, there might be a delay in receiving your funds. Rest assured, you should receive your funds within two working days, and this process won’t affect your current orders, holdings, or positions.

We hope this helps you plan your trades better!

4 Likes
2

Hi can you please explain setp by step guide at add funds reversal since I’ve checked on the app and website there’s no option to do funds reversal.

1 Like
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  • Bank: SBI Bank
  • Account Name: Jitendra ahirwal
  • Account Number: 33298384355
  • Account Type: saving Account
  • IFSC Code: SBIN0000355
4

Hello @JITENDRA_11070139,

Please let us know how we can help you. Also, for your safety, we request that you avoid posting sensitive information like bank details on the Community. Thanks.

5

Hii..i didnt recieved money in my bank..its got deducted from upstox..pls clarify

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My fund is not available for withdrawal

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Hi @MUNIA_AMAL_1274179,

Could you please check now if you have received it? It should be in your account. In case you still have not, let us know and we will let you know the next steps. Thanks.

8

Hi @DEVESH_30643928,

Could you please check now and let us know if it is available? In case it’s still not, let us know and we will guide you through the next steps. Thanks.

9

Hi @POONAM_43409247,

Setting Up Auto-Reversal for Your Mandate

  1. Navigate to the funds page and select the widget or banner (check the screenshot below for reference).
  2. Enter the amount you’d like to set for automatic reversal
  3. Choose your primary registered bank and select your preferred UPI application. Alternatively, you can enter any UPI ID/VPA
  4. Authorise the mandate through your UPI application - Important: Please ensure you approve using the same bank you selected in the previous step.
  5. A verification charge of ₹1 will be deducted and immediately refunded to verify your bank account.

Once completed, the auto-reversal will be implemented starting with your next monthly or quarterly retention payout.

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Let us know if you need more help regarding this, thanks.