Settlemnet for BTST

If i bought some stock today and sell the same stock in tomorrow morning( T+1) i.e. btst, When will i get the settlement money ?

Will it be credited immediately so that i can use the same money to trade on different scrip on T+1?

Yes you can use the money immediately to trade again, but if you want to withdraw the money to your bank it happens on T+2 from when you sell.

So if you bought monday, and sold on Tuesday. You can withdraw this only on Thursday.