Jack_R
January 13, 2022, 1:45am
1
We still have T+2 settlement cycle correct? Does anyone know the date when we are planning to have a T+1 settlement date instead of T+2?
Yes, current settlement cycle is T+2. There will be phased transition to T+1 settlement from 25th February onwards. You can check out this post for more details:
India will be the second large market after China to implement the T+1 settlement cycle of stocks. Most markets in the world are in the T+2 settlement cycle. What this means is that when you buy stocks, it hits your Demat account after 2 days, and similarly, when you sell stocks you get to withdraw the funds after 2 days. This, 2 days will now become 1 day.
Here is the press release from the exchanges. What it says is that starting Feb 25th, 2022, 100 stocks (starting with the lowest market ca…
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