Share Market: SEBI Announces Implementation of Same Day Settlement, Soon to Launch Beta Version

Share Market: The Securities and Exchange Board of India (SEBI) has announced that same-day settlement in the stock market will begin on March 28th, starting with a beta version of the T+0 settlement cycle. This means that your funds and securities will now be credited to your demat account within 24 hours of completing an order. The system will be open to all investors. 

What Will Change?

Currently, the exchange uses T+1 settlement, and surveillance steps for T+0 settlement will be included. The T+0 settlement will be implemented in phases. In the first phase, same-day settlement will be used, with buyers receiving shares and sellers receiving funds on the same day, similar to the T+0 cycle. If you trade between 9:15 AM and 1:30 PM, your transaction will be settled by 4:30 PM the same day. In the second phase, an optional Immediate Trade by Trade settlement facility will be available for all transactions completed by 3:30 PM, in accordance with the T+1 settlement cycle.