Change in Settlement Cycle From 27th January 2023 Onwards
24 January 2023
As per the circular dated 26th December 2022, The National Stock Exchange of India has announced that the final batch of securities (stocks, ETFs, REITs, INVITs, and debt instruments) will be moved to the T+1 settlement cycle from 27th January 2023 onwards. The exchange initiated the batch-wise migration from 25th February 2022 onwards.
Owing to this change in the settlement cycle, clients must note the following points:
- The clients who bought these stocks on 25th January 2023 will not be able to sell them on Friday, i.e., 27th January 2023. These stocks will be settled as per the old cycle of T+2 Days and will be available for sale on Monday (30th January 2023).
- Stocks bought on 27th January 2022 will be settled as per the new settlement cycle (T+1), and they will be available for sale on Monday.
- The credits from selling these stocks will be available for withdrawal from the next trading day itself.