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Running Account Settlement

SEBI Mandate on Running Account Settlement of Client Funds. Running Account Settlement is the process by which stockbrokers transfer the available credit balance (unused funds) from a client’s trading account back to their linked bank account periodically, as mandated by SEBI.

Settlement Frequency Options

Monthly Settlement: Funds are transferred back on the 1st Friday of every month.
Quarterly Settlement: Funds are transferred back every 90 days, on the 1st Friday of the quarter.

Settlement of Client Accounts Not Traded in the Last 30 Days

As per SEBI’s Updated Guidelines, clients who have not traded in any segment for the last 30 calendar days and have a credit balance in their trading account:

The entire credit balance must be transferred back to the client’s primary bank account on the next scheduled Monthly Running Account Settlement date, as per the Exchange's official settlement calendar.
This applies regardless of whether the client has opted for Monthly or Quarterly settlement.

Active Trading Clients

If you trade continuously without any gap of 30 days, and you have opted for quarterly settlement, your funds will be settled only once every 90 days.

This means your funds will remain in the trading account until the quarterly settlement date.

Example:

Inactive Client: No trades from August 1 to August 30 → Funds will be transferred by the next Monthly Settlement date (e.g., 1st Friday of September).
Active Client: Trades every few weeks → Funds remain until the Quarterly Settlement date (e.g.,1st Friday of the Next quarter).

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© 2025 Firstock. All rights reserved.

Firstock Broking Pvt Ltd

No 350,1st Floor, 36th A Cross 7th Main Rd 5th Block Jayanagar, Bengaluru, KA 560041.

NSE & BSE – SEBI Registration No.: INZ000260334

CDSL: Depository services – SEBI Registration No.: IN-DP-67-2015 Mutual Fund ARN: 132812

For any complaints pertaining to securities broking please write to complaints@firstock.in for DP related to depository@firstock.in Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Attention Investors:

Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.

Prevent Unauthorized Transactions in Your Trading/Demat Account:
Update your mobile number and email ID with your stock broker or depository participant. Receive alerts and information about your transactions on your registered mobile number/email for all debit and other important transactions in your trading/demat account directly from the Exchange/CDSL on the same day.

KYC is a one-time exercise while dealing in the securities market.
Once KYC is completed through a SEBI-registered intermediary (broker, DP, mutual fund, etc.), you do not need to undergo the same process again when approaching another intermediary.

No need to issue cheques when subscribing to an IPO.
Simply write your bank account number and sign the application form to authorize your bank to make the payment in case of allotment. There is no worry about refunds, as the money remains in the investor's account.

Procedure to file a complaint on SCORES (Easy & Quick): Register on the SCORES portal and keep the following mandatory details ready: Name, PAN, Address, Mobile Number, and Email ID.

Benefits: Effective communication and speedy redressal of grievances.{" "}

Dear Investor,

If you are subscribing to an IPO, there is no need to issue a cheque. Please write your bank account number and sign the IPO application form to authorize your bank to make the payment in case of allotment. In case of non-allotment, the funds will remain in your bank account. As a business, we do not provide stock tips and have not authorized anyone to trade on behalf of others.

Important:

Stock brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.

Update your email ID and mobile number with your stock broker or depository participant and receive OTPs directly from the depository on your registered email ID and/or mobile number to create pledges.

Check your securities, mutual funds, and bonds in the consolidated account statement issued by NSDL/CDSL every month.

Disclaimer:

The Stock Exchange, Mumbai, is not in any manner answerable, responsible, or liable to any person for any acts of omission or commission, errors, mistakes, and/or violations—actual or perceived—by us or our partners, agents, associates, etc., of any rules, regulations, by-laws of the Stock Exchange, SEBI Act, or any other laws in force from time to time.

The Stock Exchange, Mumbai, is not responsible or liable for any information on this website or for any services rendered by our employees or representatives. Please refer to BSE compliance for more details.

Investor Alert:

Investors are requested to note that stock broker Firstock Broking Private Limited (Firstock) is permitted to receive/pay money from/to investors only through designated bank accounts, named as "client bank accounts."

Firstock is also required to disclose these client bank accounts to the Stock Exchange.

Hence, you are requested to use only the following client bank accounts for any transactions in your trading account with us. The details of these accounts are also displayed by the Stock Exchanges on their website under “Know / Locate Your Stock Broker.”

Terms & Conditions Policies & Procedures Investor Grievance Privacy Policy Disclosure Investor Charter PMLA Policy Investor’s Attention SEBI - Investor website Investor Education & Awareness E-Voting NSE BSE CDSL KYC Status Policy of Handling Good-Till-Trigger Orders