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What is the Brokerage Cycle and how will it be released?

April 26, 2017brokerage CYCLE released

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What is the Brokerage Cycle and how will it be released?

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The Company follows a monthly Brokerage payout cycle. At the end of each month an MIS/ statement of all investments made through the broker/channel partner will be sent for their perusal. The broker/channel partner can reconcile the same with their records. Once the debit note based on the statement sent by the company reaches the registered office, the brokerage cheque is released.