Why is the withdrawable balance negative in HDFC SKY?
- If the funds are yet to be settled to the SKY account. In India, exchanges follow a rolling settlement cycle.
- Exchanges require T+1 day to settle funds from selling equities and F&O trades to the SKY account before they can be withdrawn. Until then, the withdrawal amount is displayed in negative, indicating that it is still being processed for settlement.
- The withdrawable balance becomes positive once the funds are settled.
- Withdrawal requests placed when the withdrawal balance is negative will not be processed.
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