Short answer

As per SEBI’s circular, brokers must transfer funds from your trading account back to your bank account once a quarter. Transferring your unused funds back to your primary bank account is called the quarterly settlement of funds or the running account settlement.

Settlement follows the annual calendar published by the exchanges. However, if you are inactive for 30 calendar days, funds are transferred back to your primary bank account once a month. It will be reflected in your funds statement as follows:

You can check the next quarterly settlement date by visiting app.arrow.trade/funds/overview.

Things to keep in mind

Brokers may retain your funds if you have an outstanding position on the first Friday of the quarter on which settlement is scheduled and send you an email with the retention statement.

If you opened your account after the previous quarterly settlement date, your funds will not be transferred back for the current quarter.