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Running Account Settlement

SEBI Mandate on Running Account Settlement of Client Funds. Running Account Settlement is the process by which stockbrokers transfer the available credit balance (unused funds) from a client’s trading account back to their linked bank account periodically, as mandated by SEBI.

Settlement Frequency Options

Monthly Settlement: Funds are transferred back on the 1st Friday of every month.
Quarterly Settlement: Funds are transferred back every 90 days, on the 1st Friday of the quarter.

Settlement of Client Accounts Not Traded in the Last 30 Days

As per SEBI’s Updated Guidelines, clients who have not traded in any segment for the last 30 calendar days and have a credit balance in their trading account:

The entire credit balance must be transferred back to the client’s primary bank account on the next scheduled Monthly Running Account Settlement date, as per the Exchange's official settlement calendar.
This applies regardless of whether the client has opted for Monthly or Quarterly settlement.

Active Trading Clients

If you trade continuously without any gap of 30 days, and you have opted for quarterly settlement, your funds will be settled only once every 90 days.

This means your funds will remain in the trading account until the quarterly settlement date.

Example:

Inactive Client: No trades from August 1 to August 30 → Funds will be transferred by the next Monthly Settlement date (e.g., 1st Friday of September).
Active Client: Trades every few weeks → Funds remain until the Quarterly Settlement date (e.g.,1st Friday of the Next quarter).

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No 350,1st Floor, 36th A Cross 7th Main Rd 5th Block Jayanagar, Bengaluru, KA 560041.

NSE & BSE – SEBI Registration No.: INZ000260334

CDSL: Depository services – SEBI Registration No.: IN-DP-67-2015 Mutual Fund ARN: 132812

For any complaints pertaining to securities broking please write to complaints@firstock.in for DP related todepository@firstock.in Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Attention Investors:

Investments in securities market are subject to market risks; read all the related documents carefully before investing.

Prevent Unauthorized Transactions in your trading/demat account Update your Mobile Number/Email IDs with your Stock brokers/Depository Participant. Receive alerts/information of your transactions on your Registered Mobile/Email for all debit and other important transactions in your trading/demat account directly from Exchange/CDSL on the same day.

KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

No need to issue cheques by investors while subscribing to IPO.Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worry for refund as the money remains in investor's account.

Procedure to file a complaint on SCORES (Easy & quick). Register on SCORES portal and have the mandatory details for filing complaints on SCORES (Name, PAN, Address, Mobile Number and E-mail ID). Benefits: Effective Communication and Speedy redressal of the grievances.

Dear Investor, if you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non-allotment, the funds will remain in your bank account. As a business we don't give stock tips, and have not authorized anyone to trade on behalf of others.

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge Check your securities/MF/bonds in the consolidated account statement issued by NSDL/CDSL every month.

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time. The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us. Please refer to BSE compliance for more details.

Investors are requested to note that Stock broker NCO Securities and Share Broking Pvt Ltd (Firstock) permitted to receive/pay money from/to investor through designated banks accounts only named as client bank accounts. Stock broker NCO Securities and Share Broking Pvt Ltd (Firstock) is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker"

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