Securities and Exchange Board of India (SEBI) will implement T+0 settlement on optional basis in the stock market from today i.e. March 28. Earlier yesterday, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have released the list of 25 stocks in which same-day settlement is being implemented from today. Both the stock exchanges are starting the trial of T+0 settlement system with 25 stocks. That means, the day you sell these shares, the entire money will be credited to your account on the same day. Currently T+1 settlement system is implemented in the stock market. That is, payment is made after a day after the shares are sold. Three months ago, the market regulator had released consultation papers for T+0 and had sought public opinion on it till January 12. 6-step guidelines were issued 6 days ago. All investors eligible, T+0 settlement will be implemented in two phases. SEBI said that all investors will be eligible for T+0 settlement system. SEBI had proposed to implement T+0 settlement in two phases. First phase: If you sell shares by 1:30 pm on the trading day, they will be settled by 4:30 pm. Second phase: All transactions done till 3:30 pm will be settled immediately. After its commencement, the first phase will be discontinued. How will investors benefit from T+0 settlement? Instant settlement will start by October 2024. Earlier, SEBI Chief Madhuri Puri Buch had said that we are preparing to reduce the trade settlement time to 1 hour by March next year (2024) and then implement instant trade settlement by October 2024. Are. There was T+5 settlement system before 2002. There was T+5 settlement system in our country before 2002. SEBI implemented T+3 settlement in 2002. T+2 settlement was implemented in the year 2003. The market continued to work on this system till the year 2021. After this the T+1 system was introduced. It was implemented in January 2023. Due to this, settlement of funds and shares started taking place within 24 hours.
