[Resolved] Zerodha — t+2 related query, delivery based selling | |||
I want to know. When i sell a stock on delivery basis afterwards it takes t+2 get the entire amount released. But instead of automatically credit of entire amount in my bank account, it stands with zerodha. You have to again manually process to take it back into your bank account but then this process again takes one more day. Why is it so? It should be credited in my bank account on second day as per t+2. My email id is [protected]@outlook.com Was this information helpful? | |||
Jun 27, 2019 Complaint marked as Resolved Zerodha customer support has been notified about the posted complaint. Verified Support May 27, 2019 Zerodha Customer Care's response Hey Gaurav, Most of the online brokers collect a running account authorization in order to facilitate ease of operations and upfront requirement of margin. The credit balance is settled once a calendar quarter. You can refer to page no. 10 of your account opening form that you might have received on your registered mail address.  | |||
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