Why do exchanges send a weekly SMS and email regarding funds and securities balances?
As per the SEBI circular (PDF), exchanges must send a weekly SMS and email informing clients about the funds available in their trading accounts. It is sent to avoid misappropriation of funds.
The fund balance in the SMS and email is as per the date mentioned and not as on the date the SMS or email was received. The balance is across segments and not specific to a single exchange.
The format of the email regarding funds and securities balances from the exchanges are as follows:
BSE
NSE
MCX
Did you know? The total number of ISINs may be shown as zero. This is because it represents the number of ISINs in the broker’s pool account, not the client’s demat account.
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