Now, as the full implementation of T+1 settlement across all scrips is rolled out wholly by October 1, 2023, the SEBI Chairperson has communicated about an intended move towards real-time settlement. In her press briefing in the month of July earlier this year, she mentioned that “One of the things that we think is not very far off is an instantaneous settlement on the stock exchanges.
India is the first country globally to move towards a trading+1 (T+1) settlement cycle from the existing T+2 for all scrips. It will be followed up by a one-hour settlement of trades by March, which would be a stepping-stone for instantaneous settlement in the stock markets, says Madhabi Puri Buch, chairperson of SEBI.
Indian Stock Market: Sebi plans to enable 1-hour settlement of share purchases in demat accounts by the end of 2023-24, before shifting to the ambitious instant settlement system
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