Why is my fund balance shown on SELFIE / TraderX and ledger balance on MyGeojit different?
The fund balance on SELFIE / TraderX is your available buying power which includes unsettled funds, value of pledges shares, sales proceeds for the day, etc.
On the other hand, your ledger balance 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:
Since trades are not immediately settled, your withdrawable balance (settled amount) on MyGeojit and fund balance (unsettled amount) on SELFIE / TraderX will vary.