Frequently Asked Question
12. Why do exchanges send a weekly SMS and email about funds and securities balances?
Last Updated 8 months ago
According to the SEBI circular (PDF), exchanges are required to send a weekly SMS and email to inform clients about the available funds in their trading accounts. This is done to prevent misappropriation of funds.
The fund balance provided in the SMS and email reflects the amount as of the specified date, not the date the SMS or email was received. The balance is consolidated across all segments, not specific to any single exchange.