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


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 only on the first Friday of every month (if you have chosen monthly settlement) or on the first Friday of October, January, April, and July (if you have opted for quarterly settlement).

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

To know more about the revision in SEBI settlement dates, refer Circular