Quarterly Settlement Update – 17 April 2026

As per SEBI guidelines, the quarterly settlement for this month is scheduled for 17 April 2026. Accordingly, any unused funds in your Kotak Neo account will be transferred to your primary bank account by 18th April, 2026.

Typically, settlements are carried out on the first Friday of the month, and applicable interest is deducted for the period from the 1st of the month up to the first Friday, prior to the payout. However, since this settlement is being processed on 17 April 2026, interest will be calculated for the period 1 April to 16 April 2026 and deducted from your available cash balance on 17 April 2026 before the transfer is processed.

We request you to kindly maintain sufficient balance in your account to avoid any shortfall or negative cash balance.

For any assistance, please feel free to reach out to our support team.