NSE, BSE to introduce T+1 stock settlement from Feb 25: All you need to know | Markets News

New Delhi: The Indian Stock Exchange – NSE and BSE – will introduce T + 1 distribution for currencies and security investors starting on Friday, December 25. cut short rotation from T + 3 days to T +2 days in 2003.

The change of the new establishment will be implemented in a step-by-step manner. In the first stage of implementation, trading below 100 markets in terms of market value can be determined in T + 1 days.

In the next step, more than 500 products will be added to the list of products allowed for the T + 1 rating. Stocks will be a selection based on stock prices from last Friday of March. 2022 and every coming month.

What is the T + 1 environment?

In the T + 1 transfer method, all companies related to the stock market will be eliminated within one day of the actual trades taking place. So, for example, if you sell products from your Demat account on Thursday, you will be entitled to withdraw the amount to your bank account within 24 hours.

Currently, the stock exchanges follow the T + 2 day process, in which stock-related trading companies are established within 48 hours of the actual trading that takes place.

How will the T + 1 domains work?

Anupam Agal, Tax & Legal Services, Motilal Oswal Business Services, said the decision was a sign of the transfer of securities to the buyer’s account and money to the seller’s account. Also Read: Banks receive Rs 18,000 crore from Vijay Mallya, Nirav Modi, Mehul Choksi; check the remaining amount

“Indian stock exchanges follow the decision of T + 2 days ie the distribution of funds and securities occurs two business days after the date of the order, or T +2 (trading day with two days). For example, trading on Monday will be normal on Thursday, ”he said in a statement by ZeeBusiness. Also Read: Stocks to Buy in 2022: ICICI Bank, ITC, KNR Constructions within Centrum Broking ‘Top Picks’

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