As per SEBI’s circular on Quarterly Fund Settlement, please keep the following in mind - Any funds in your Upstox account that haven't been utilized will be returned to your registered bank account by Saturday, 6 April 2024. What you should do: 🔹 To ensure you are able to trade on Monday, 8 April 2024, please..
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What does this mean
- 🔹 This will have no impact on your existing orders, holdings or positions
- 🔹 All unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 5th January 2024
- 🔹 However, due to the large volume of transactions on 5th January there might be a delay from the bank in receiving your funds. Don’t worry, in this case you will receive your funds within 2 working days
What should you do
- 🔸 For uninterrupted trades, keep your Upstox account funded before trading starts on Monday, 8th January 2024
- 🔸 You can transfer funds from your registered bank to Upstox via NetBanking, UPI, Google Pay or NEFT/RTGS/IMPS.
- 🔸 For more detailed steps, click here: How can I transfer funds?
- 🔸 If you’re using NEFT/RTGS make sure you add Upstox as a beneficiary 24 hours in advance (by Friday, 5th January). Beneficiary details are: