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What are Locked Funds?

April 26, 2017funds locked

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What are Locked Funds?

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The concept of Locked funds is really simple. Every Order that is processed deducts funds from your Account. However, most Orders typically take some time to get processed. The process of executing an Order consists of several steps. There is a chance that the steps may fail and the Order does not get processed. Therefore, we deduct funds from your account only at the last step after the Processing is complete, and the Order has been successfully executed. However, in order to prevent the possibility of your account not having funds at that time, when the Order is processed successfully, we lock the amount of funds required for a particular Order, while it is processing. As soon as the Order Processing steps are complete the Locked funds are either deducted from your account or the lock is removed depending on whether the Execution of the particular Requested Action was successful or not. There are also times when the process of executing a particular Action of an Order takes several d