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We would like to inform you that as per Exchange Circular: SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95, the actual settlement of funds 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.
For further clarification, kindly refer enclosed MCX Circular (page no 25).
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