As per Exchange Circular: MIRSD/SE/Cir-19/2009 dated 03.12.2009, the actual settlement of funds and securities needs to be done at our end at least once in a calendar quarter, depending on the preference of the client's account. For the same purpose "Running Account Authorization" is included in the account opening form.
This routine process is to comply with SEBI compliance.
With reference to the same payout of available funds and securities has to be issued to the client and account needs to be settled once in a calendar quarter.
For further clarification, kindly refer enclosed NSE circular.