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flag India simplifies rules for dormant trading accounts, changing settlement from daily to monthly cycles.

flag Securities and Exchange Board of India (Sebi) has simplified rules for settling dormant trading accounts. flag Previously, funds in inactive accounts had to be settled within three working days. flag Now, settlements will occur during the monthly cycles set by stock exchanges. flag This change aims to improve efficiency, addressing concerns raised by the Brokers’ Industry Standards Forum about daily settlement inefficiencies. flag If an inactive account becomes active before the settlement date, it will follow the client's chosen quarterly or monthly settlement option.

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