You may add funds from the registered bank account with us. However, if you add funds from a bank account which is not registered with us, you are required to register that account immediately to enjoy the trading limit/ credit balance in your ledger statement. If you are unable to register the bank account, kindly provide following details to facilitate a refund:
1. Beneficiary name
2. Account number
3. IFSC code
4. Bank statement in PDF format Once we receive the correct details, the funds will be credited back to your source bank account within 24 to 48 working hours.
Dynami: Simply follow these steps in the Religare Dynami App:
Leap:
Website:
The funds received from an unregistered bank account are put on hold. In order to utilize the credit, kindly provide the beneficiary name, account number, and IFSC code (Bank statement in PDF format) and initiate the refund process.. Once the details are received, the funds will be credited within 24 to 48 working hours into the source bank account.
The funds will reflect immediately after the successful transfer. Check the line item ‘Funds Transferred Today’ in the Funds View Report.
As per regulatory guidelines, Stock Brokers are required to settle the client account either monthly or quarterly, as per client’s choice. However, if there are no trades or open positions in the last 30 days, the client account must be settled even if the client has opted for quarterly running account settlement. The free funds are released to the mapped bank account accordingly.
The added funds for trading are available during the day, however the withdrawal is allowed the next day.
Dynami:
Leap:
Website:
For funds payout requests placed before 3:00 pm, funds are credited in the bank account by the evening the same day. However, if the request is placed after 3.00 p.m, the funds are credited the next working day.
The Payout request is always processed in full. However, if there is any open exposure or the requested amount is not fully releasable/free, the payout is processed partially, resulting in a lower than the requested amount.