Clearing refers to the settlement of trades in stock markets. It is the process of reconciling the orders and settling them through dedicated clearing houses that are charged with due settlement process as per SEBI guidelines.
Clearing houses are obligated to record all transactions and ensure the transfer of funds to the correct parties of the transaction along with the final delivery of the security to the end buyer. Clearing houses charge fees for their services as intermediaries which is included in the commission paid to the broker.
A PPF calculator is an online tool that helps you calculate the maturity amount at…
Non-resident Indians are not allowed to open a new PPF account. However, if a resident…
PPF rules do not allow joint accounts. An account can only be opened in the…
After the maturity of the PPF account, you have the option to extend it for…
From the 7th financial year onwards, you can make partial withdrawals from your PPF account.…