What is a Running Account Authorisation Settlement?

Running Account Authorization is a permission you give your stockbroker to retain your funds and securities beyond the mandatory settlement period — instead of transferring money or shares back to your bank or demat account after every trade. In running account unutilized balances of client account refund on quarterly / monthly basis.

• Inactive Account Refund: If your trading account remains inactive for 30 consecutive days, any unutilized funds will be automatically refunded to your registered bank account as per regulatory guidelines.
• Schedule: Refunds are processed on the first Friday or Saturday of each month or quarter, depending on whether you’ve opted for a 30-day (monthly) or 90-day (quarterly) settlement cycle.