Why is the withdrawable balance negative in HDFC SKY?

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- Exchanges require T+1 day to settle funds from selling equities and F&O trades to the SKY account before they can be withdrawn.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.

    • Related Articles

    • How can I switch to HDFC SKY?

      To initiate the switch, you first need to close your HDFC Securities account. You can do this online by visiting the HDFC Securities e-closure Watch video on HDFC Securities E-closure process If your demat account is with HDFC Securities Ltd., it's ...
    • Charges Explained at HDFC SKY!

      Securities/Commodities transaction tax Tax by the government when transacting on the exchanges. Charged on both buy and sell sides when trading equity delivery. Charged only on selling side when trading intraday or on F&O. When trading at HDFC SKY, ...
    • Why am I unable to add funds using net banking at HDFC SKY?

      You might be unable to add funds via net banking due to the following reasons: Unregistered Bank Account: You are making payments from a bank account that is not registered with HDFC SKY. Mismatched Bank Details: You have added different bank account ...
    • Why can't I open HDFC SKY account if I already have existing HDFC Securities account?

      According to SEBI regulations, a client is not allowed to have two trading accounts under the same broking house. HDFC SKY is part of the HDFC Securities group, so clients are required to choose and hold an account with either HDFC SKY or HDFC ...
    • Are indicators and drawings on charts free or paid on HDFC SKY?

      All the indicators are absolutely free on the HDFC SKY.