Its SEBI rule so every one has to do .. This is to protect the interest of Investors...
Just Imagine , your ledger balance on their system is showing some figure BUT In real there could be nothing...If they have to clear a/c at end of every month then they need to have fund as well...
Dear CC,
Yes this is SEBI's new rule...anyway it's for help/protect investers...i think no problem in it....ahh yes we need to transfer fund again to trading...many brokers do this things on friday/saturday ...so client having noproblem to trade on monday transfer fund again on saturday....