What does the settlement cycle mean?

What does the settlement cycle mean?

The settlement cycle refers to the time it takes to complete a trade—from execution to the transfer of securities and funds. In Indian securities markets, the standard settlement cycle is T+1, where T is the trading day and settlement occurs on the next working day.

If a settlement holiday falls within this cycle, the settlement is extended by one additional business day.

Equity Segment:

Buying Shares:

If you purchase shares on Monday (T day), they will be credited to your demat account by Tuesday (T+1 day).

Selling Shares:

If you sell shares on Monday (T day):

The sale proceeds are reflected in your trading account on the same day.

However, you can withdraw the funds only after Tuesday (T+1) evening.

Futures & Options (F&O) Segment:

Credit Obligations:

When you take a long/short futures or short options position on Monday (T day), any credit—such as Mark to Market (MTM) gains or option premiums—is settled to your trading account by Tuesday (T+1 day).

Withdrawals of these funds are allowed after Tuesday evening.

Debit Obligations:

Any debit from your trading account (such as losses or premium payments) is settled on the same day (T day).