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Independent Financial DistributorYou can place the fund payout request as per the settlement cycle given below:
- For delivery sell transactions, a payout request can be placed on T+1 day (next working day).
- For F&O transactions, fund payout requests can be placed on T+1 day (next working day).
Example:
If you sold equity shares of XYZ Limited on Wednesday, your funds will be released on T+1 day, which is Thursday (assuming there are no trading holidays in between). Therefore, you will be able to place the fund payout request on Thursday.