|
| » Bye Laws & Rules » Rules |
| |
Bye Laws & Rules » Rules » Circulars |
|
|
|
Circular Ref: COM 25/1/2014/510
Dear Members & Brokers,
Please find the below norms for the customer funds withdrawal process and procedure.
WITHDRAWAL PROCEDURE
Partial Withdrawal:
- For all ''Partial Withdrawal'', clients can apply withdrawal request
through Trading>> New Withdrawal tab available in their trading
console. Such withdrawals are allowed only 5 times a day and client
who wants to withdraw more than 5 times have to use offline
procedure.
- Minimum balance of NPR 1,000/- needs to be maintained while doing
the partial withdrawal.
- Clients shall not be allowed to withdraw fund from the floating profit
until the fund is realized in their trading account.
- The withdrawal of the client's equity, apart from the floating profit and
the margin required can always be withdrawn.
Withdrawal of the immediate settled profit can be transferred after
MTM considering the fund available in CH segregate account.
- Online Withdrawal facility is available for 24 hours on all trading days.
Online withdrawals placed after Market Close, shall be processed after
Market Open only.
Full and Final Withdrawal:
- For all ''Full and Final Withdrawal'', clients should send the hard copy of
withdrawal form. No online withdrawal request will be accepted for full
and final withdrawals. The withdrawal form should be filled [duly
signed and thumb impressed] by the client and pass it to their Broker
which shall be in turn forwarded to the CH for further processing.
- Once the client does full and final withdrawal, his account [Trading
Console] will be closed and cannot be re-activated again.
- If the client wants to trade again after full and final withdrawal, then
s/he needs to follow all procedure to open a new account.
- Client's withdrawal other than designated/clearing bank will be
processed through Managers Cheque [DD] and DD charges will be
deducted by Bank for the same.
|
|
|
|
|