Currently trades in India are settled in "T+1" or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately.
In January 2023, Indian stock exchanges shifted to a shorter and faster ‘trade-plus-one’ (T+1) settlement cycle, marking a significant milestone in capital markets
For the unversed, Sebi has shortened the settlement cycle to trade day-plus-one (T+1) from T+2 in January this year. The regulator also announced that it would move to a T+1 settlement cycle for all scrips, effective October 1, 2023.
In an out-of-turn press conference aimed at giving a performance report on some of the market regulator s internal machinations, SEBI chief Madhabi Puri Buch said faster clearances and better implementation are SEBI’s path forward with an aim to aid in India s capital formation.