We follow the T+1 settlement cycle. Our trading activities are carried out through 4 Banks. Pay-in of funds is by way of direct debits to the settlement accounts maintained by our clients having bank accounts at these banks or with other banks. Further, investors maintaining accounts with our clearing banks can avail the 'anywhere banking' facility offered, enables payments from anywhere in India on a real time basis. Whereas the securities pay-in/pay-out is via the demat mode through the Central Depository Services (India) Ltd, with whom we are a depository participant. Margins debits are affected on T+1 basis by electronically debiting the accounts of clients. Pay out of funds is delivered directly to the client account. In all cases, payments are inevitably allowed only through account payee cheques.