Yes, to comply with SEBI guidelines issued through its circular no. SEBI/HO/MIRSD/DOP/P/CIR/2022/101 dated July 27, 2022, IBKR India needs to settle trading accounts of all clients quarterly. The settlement occurs on the first Friday of each quarter i.e. Apr-Jun, Jul-Sep, Oct-Dec, Jan–Mar. Quarterly settlement is mandatory irrespective of whether a client is active or inactive. Additionally, if a client remains inactive for a consecutive 30 days, IBKR India needs to settle such accounts within the next three days.
Is quarterly settlement compulsory for Indian account?
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