SEBI’s Quarterly Fund Settlement – Upstox

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 by Saturday, 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!