What is the reason for exchanges sending a weekly SMS and email regarding funds and securities balances?

According to the SEBI circular, exchanges are mandated to send a weekly SMS and email to clients, providing information about the funds available in their trading accounts. This measure is implemented to prevent any potential misappropriation of funds.

The fund balance indicated in the SMS and email corresponds to the mentioned date and not the date when the SMS or email was received. This balance encompasses various segments and is not specific to a particular exchange.

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