Announcements

As per SEBI guidelines, Angel One needs to mandatorily settle any unutilized funds by transferring them to your bank account on a monthly/quarterly basis opted by you.

Below are the main points of SEBI’s guidelines:

If your trading account balance is more than zero on the settlement date, then the remaining funds post adjustment of the required margins and unsettled obligation will be credited to your bank account. 

If your trading account balance is more than zero on the settlement date and no transaction (trading activity) in 30 days, then the funds will be flushed out in a monthly settlement period.

With regard to the same, we would like to inform you that SEBI has revised the settlement timeline. W.ef. 01-Oct-2022, the mandatory settlement of any unutilized funds will take place on the first Friday of every month (if you have chosen monthly settlement) or on the first Friday of the next quarter (if you have opted for quarterly settlement). 

If you wish to change the fund settlement frequency, please note that this can be done through the Angel One web portal. Kindly follow the steps below:

1. Log in to the Angel One web portal
2. Navigate to Profile
3. Select Funds Settlement Frequency
4. Choose your preferred settlement frequency
5. Complete the OTP verification

The settlement option will be updated within 24 hours.

Please refer to the table below to understand quarterly settlement dates. 

Settlement Days

1st Friday of July

1st Friday of October

1st Friday of January

1st Friday of April

Kindly note that if Friday is a trading holiday, such settlement shall happen on the previous trading day.

To know more about this revision in SEBI settlement dates, refer to the circular.