Does T+2 include Bank Holidays?

Does this +2 include weekends and business holidays?

Example: If I bought a share on Friday. Will it be available in my Demat Account on Monday (T+2 including bank holidays) or Wednesday (Excluding bank Holidays) which in this case becomes T+4.


Settlement takes place Monday to Friday excluding market holidays and settlement holidays.

If you buy a share on T day, you will receive the shares on T+2 day as per the T+2 rolling settlement cycle.

If there is a short-delivery of shares bought on T day by the counter-party, then these shares will be auction settled by the exchange on T+3 day.

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tuesday after market close(tuesday evening).