Is there any threshold amount below which members may not be required to settle client’s account?
As per Exchange Circular NSE/INSP/24849 dated October 29, 2013, Members may retain an amount of up to Rs 10,000/- (net amount across segment and across stock exchanges) after taking a one-time written consent of the client.
The above threshold limit on retention of amount shall not be applicable in case of clients who have not traded even once during the month/quarter in which the settlement is being undertaken.
|EOD financial Balance||Amount of Retention as per Point 4 above||Balance Amount||Remarks|
|50,000.00||45,000.00||5,000.00||Not required to be Settled|
|50,000.00||30,000.00||20,000.00||Rs. 10,000 can be retained and remaining needs to be settled|
|50,000.00||Nil||50,000.00||Rs. 10,000 can be retained and Rs. 40,000 needs to be settled|