India has become the second country after China to implement the T+1 stock settlement mechanism in a phased manner from 25 February. The system will be starting with select stocks and then gradually adding others to the fold. Instruction regarding this was issued by SEBI on January 01, 2022. Before this, the settlement period of stocks in India was T+2, i.e. two days after the actual buy/selling of stock.
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T means the trade/transaction day i.e. the day on which stock is brought/sold. and here T+1 means that the actual stock settlement will happen on the next day i.e +1 day. Ex: You buy a stock on Monday, you will get it in your Demat account Tuesday.
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