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Announcements on #Quarterly Settlement
Wednesday, October 1, 2025 12:20 pm
Every 3 months, SEBI makes it compulsory for brokers to return any unused money in a client’s trading account back to their bank account. This is called a Quarterly Fund Settlement.
So, on Saturday, 4 October 2025, any unused funds in your Upstox account will be sent to your registered bank account. You can check your bank statement to confirm the refund.
Want your funds to come back automatically into your Upstox account on Monday? Just set up a ‘Fund Reversal’ mandate from the Funds tab in the app.
If you don’t, your account balance may show ₹0 on Monday and you’ll need to add funds again before trading.
For NEFT/RTGS transfers, please add Upstox as a beneficiary by Friday, 3 Oct (details below):
- Bank: HDFC Bank
- A/c Name: Upstox Securities Pvt Ltd - USCNB A/C
- A/c No.: 57500001411011
- Type: Current Account
- IFSC: HDFC0000060
Due to high transaction volumes, fund transfers could take up to 2 working days. Don’t worry, this process won't affect your current orders, holdings, or positions.
Plan ahead and trade smoothly!
Friday, July 5, 2024 3:33 pm
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 utilised will be returned to your registered bank account bySaturday, 6 July 2024.What you should do:
-
- Please check your bank statement to verify and view the returned funds
-
- To ensure you can trade on Monday, 8 July 2024, please add funds to your Upstox account in advance, as your account balance may be zero on that day. Know more: How can I transfer funds?
-
- If you're using NEFT/RTGS, please add Upstox as a beneficiary at least 24 hours in advance, ideally by Friday, 5 July. Below are the beneficiary details:
-
For Equity, F&O, or Currency trading:
- - Bank Name:
HDFC Bank
- **- Account Name:** Upstox Securities Pvt Ltd - USCNB A/C
- **- Account Number:**57500001411011
- **- Account Type:** Current Account
- **- IFSC Code:**
HDFC0000060
For Commodity trading:
- - Bank:
HDFC Bank
- **- Account Name:**
RKSV Commodities India Pvt.Ltd**.**
- **- Account Number:**15770340022236
- **- Account Type:** Current Account
- **- IFSC Code:**
HDFC0000060
Due to the high volume of transactions on this day, there might be a delay in receiving your funds. Rest assured, you should receive your funds within two working days and this process won't affect your current orders, holdings, or positions.
We hope this helps you plan your trades better!
Wednesday, April 3, 2024 2:23 pm
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 add funds to your Upstox account in advance, as your account balance may be zero on that day. Know more: How can I transfer funds?
- 🔹 If you're using NEFT/RTGS, please add Upstox as a beneficiary at least 24 hours in advance, ideally by Friday, 6 April. Below are the beneficiary details:
For Equity, F&O, or Currency trading:
- - Bank Name:
HDFC Bank
- **- Account Name:** Upstox Securities Pvt Ltd - USCNB A/C
- **- Account Number:**57500001411011
- **- Account Type:** Current Account
- **- IFSC Code:**
HDFC0000060
For Commodity trading:
- - Bank:
HDFC Bank
- **- Account Name:**
RKSV Commodities India Pvt. Ltd**.**
- **- Account Number:**15770340022236
- **- Account Type:** Current Account
- **- IFSC Code:**
HDFC0000060
Due to the high volume of transactions on this day, there might be a delay in receiving your funds. Rest assured, you should receive your funds within two working days and this process won't affect your current orders, holdings, or positions.
We hope this helps you plan your trades better!
Wednesday, July 5, 2023 2:49 pm
As per SEBI’s circular, all brokers need to settle accounts of all clients on the first Friday of every quarter i.e. October 2022, January 2023, April 2023, July 2023 and so on. If the first Friday is a trading holiday, then such settlement shall happen on the previous trading day.
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, 7th July 2023
-However, due to the large volume of transactions on Friday, 7th July 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, 10th July 2023
-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, 7th July). Beneficiary details are:
For Securities:
Bank Name - HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number - 00600340067574
Account Type - Current Account
IFSC Code - HDFC0000060
For Commodities:
Bank Name - HDFC Bank
Account Name - RKSV COMMODITIES INDIA PVT.LTD.
Account Number - 15770340022236
Account Type - Current Account
IFSC Code - HDFC0000060
We hope this helps you plan your trades better!