True to label circular

[Arvin720]

According to the true to label circular direct payout of securities in the customers demat account was implemented but the same was immediately stopped. Please share the timeline as to when the same will be reintroduced. @Meher_Smaran

[Pai]

This direct payout implementation had a few teething issues, hence its planned for going live again soon, dates have not been announced. We’ll update this thread once this goes live again,

SEBI’s new rules for direct payout of securities: What’s changing?

If you are an active investor in the stock markets, then you know a lot has changed in how stocks are settled in India. Here’s a new change that you should know about! Until November 7, 2024, when you bought shares for delivery, on the T+1 day, the Clearing Corporation (CC) would credit those shares to the broker’s pool account. By the end of the day, the broker credited the shares to your demat account. Going forward, the Clearing Corporation will now directly credit these shares to your dem…