Finvasia
- Thread starter Finvasia
- Start date
- Tags zero brokerage
@Finvasia Hello Team,
My Quarterly Settlement was due on 31st July,But not happened due to some Technical Reason(As per your Email).
However on 06th Aug i Received a quarterly Settlement Letter Docs Email from your back Office Team.
Now i am wondering how it happened as balance was not credited to my account.
Is there a new guidelines from SEBI where brokers don't have to transfer sum to client account in settlement process?
Sent from my Redmi Note 4 using Tapatalk
My Quarterly Settlement was due on 31st July,But not happened due to some Technical Reason(As per your Email).
However on 06th Aug i Received a quarterly Settlement Letter Docs Email from your back Office Team.
Now i am wondering how it happened as balance was not credited to my account.
Is there a new guidelines from SEBI where brokers don't have to transfer sum to client account in settlement process?
Sent from my Redmi Note 4 using Tapatalk
1. if finvasia sends you settlement letter on saturday or sunday, you should see RTGS/NEFT credit max by monday morning.
2, ok you got settlement letter, your trading account is still showing that balance? [not yet debited] or showing the debit from trading account? if so monday it will hit your bank.
2, ok you got settlement letter, your trading account is still showing that balance? [not yet debited] or showing the debit from trading account? if so monday it will hit your bank.
I got Settlement letter,But My Trading Account was still showing Balance as the amount was never debited from my Trading Account.
It happened for the first time ,so out of curiosity i wonder if the obligation of debiting sum from trading account is no more there.
Sent from my Redmi Note 4 using Tapatalk
It happened for the first time ,so out of curiosity i wonder if the obligation of debiting sum from trading account is no more there.
Sent from my Redmi Note 4 using Tapatalk
I opened account in
I opened a/c in Finvasia in May2020. atleast 3-4 times settlement (every 60days) I have received un used funds from finvasia (up to 1 million) in full usually on a saturday.
only this march 31st, I asked for a withdrawl from my side to close the FY2020-21 settlement accounts. I got it on 1st or 2nd april.
Since then I have not put funds back in to Finvasia. (only trading in Zerodha)
I do trust Finvasia 101% for safety of funds though they may not have 30-40 lakh customers like zerodha.
If Finvasia has not debited the funds from trading acccount (now it is showing) but the true status of the funds in your a/c ,you will know at 8-9am on monday when you try to place an order.
If all the debit/credits are in order as per daily reports & weekly reports, you need not bother.
I opened a/c in Finvasia in May2020. atleast 3-4 times settlement (every 60days) I have received un used funds from finvasia (up to 1 million) in full usually on a saturday.
only this march 31st, I asked for a withdrawl from my side to close the FY2020-21 settlement accounts. I got it on 1st or 2nd april.
Since then I have not put funds back in to Finvasia. (only trading in Zerodha)
I do trust Finvasia 101% for safety of funds though they may not have 30-40 lakh customers like zerodha.
If Finvasia has not debited the funds from trading acccount (now it is showing) but the true status of the funds in your a/c ,you will know at 8-9am on monday when you try to place an order.
If all the debit/credits are in order as per daily reports & weekly reports, you need not bother.
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