Why is my fund balance shown on FLIP and account statement on MyGeojit different?
The fund balance on FLIP is your available buying power, which includes unsettled funds, value of pledged shares, sales proceeds for the day, etc.
On the other hand, your account statement on MyGeojit shows settled figures available for payout/withdrawal.
In India we follow a rolling settlement cycle, which means that delivery trades are settled as follows:
- Equity- 1 trading day after the transaction date (T+1).
- Derivatives- 1 trading day after the transaction date (T+1).
Since trades are not immediately settled, your withdrawable balance (settled amount) on MyGeojit and fund balance (unsettled amount) on FLIP will vary.
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