What is the current settlement cycle?

[ShubhS9]

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:

Introduction of T+1 Rolling settlement on an optional basis

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…