Settlement Information

Settlement Calendar

Track settlement cycles and pay-in/pay-out dates for equity trading

Understanding T+1 Settlement Cycle

Indian stock markets follow a T+1 rolling settlement system

What is T+1 Settlement?

T+1 settlement means that if you buy or sell shares on a trading day (T), the settlement of those trades happens on the next trading day (T+1). This is a rolling settlement system where each trading day is settled independently.

The settlement process involves the exchange of money and securities between buyers and sellers. Indian stock exchanges (BSE and NSE) moved from T+2 to T+1 settlement cycle in January 2023 to improve efficiency and reduce settlement risk.

T Day

Trading Day - When you buy or sell securities

T+1 Day (Pay-In)

Payment/Securities delivery to exchange by your broker

Settlement Schedule

Equity T + 1 Settlement Calendar (BSE)

Settlement Timings & Important Notes:

Example Settlement Timings (DR-798/2025-2026, Trade Date: 14/01/2026):

• Pay-in: 10:30 a.m. | Pay-out: 12:30 p.m.
• Members to submit pay-in instructions to Depositories/banks latest by: 10:20 a.m.

Example Settlement Timings (DR-799/2025-2026, Trade Date: 15/01/2026):

• Pay-in: 04:30 p.m. | Pay-out: 09:30 p.m.
• Members to submit pay-in instructions to Depositories/banks latest by: 4:20 p.m.

+ Pay-in at 10:30 a.m. Members to submit pay-in instructions to Depositories/banks latest by 10:30 a.m. Pay-out of funds and securities will be effected by 1:30 p.m.

++ Auction pay-in at 8:00 a.m. Members to submit pay-in instructions to Depositories/banks latest by 7:50 a.m.

+++ All Shortages in Trade to Trade segment (securities settled on Gross level) and all shortages for scrips in which No-delivery period has been abolished will be directly closed out as mentioned in the Notice No.20190529-43 dated May 29, 2019.

OTB allocation (Give-up entry) can be done by members upto 08:00 p.m. on T day and OTB confirmation (Take-up entry) can be done by custodians upto 07:30 a.m. on T+1 day (Please refer Notice No.20221223-17)

For complete settlement calendar, please visit the official exchange websites

Key Settlement Points

For Buyers

•Funds are debited from your trading account on T day
•Shares are credited to your demat account by T+1 day
•You can sell the shares from T+1 day onwards

For Sellers

•Shares are debited from your demat account on T+1 day (Pay-In)
•Sale proceeds are credited to your account on T+1 day (Pay-Out)
•Ensure sufficient shares are available in demat before selling

Pay-In Day

•Brokers pay funds/deliver securities to the exchange
•Securities pay-in happens on T+1 day
•Funds pay-in also happens on T+1 day

Pay-Out Day

•Exchange pays out funds/securities to brokers
•Securities pay-out happens on T+1 day
•Funds pay-out happens on T+1 day

Important Notes

•Indian equity markets follow a T+1 settlement cycle, which means trades are settled one business day after the trade date.
•Holidays are not counted in the settlement cycle. If T+1 falls on a holiday, settlement happens on the next trading day.
•Both BSE and NSE follow the same settlement cycle for equity cash segment trades.
•Derivative contracts (Futures & Options) follow different settlement mechanisms. F&O contracts are settled on expiry dates.
•For auction settlements and other special cases, different timelines may apply. Check with your broker for specific details.
•The settlement calendar is subject to change based on exchange notifications. Always verify with official exchange communications.

Related Resources

Trading Holidays

View the complete list of stock exchange holidays for the year

View Holidays

Market Timings

Learn about trading hours for different market segments

View Timings

Need More Information?

Visit the official BSE website for the latest settlement schedules

BSE Settlement Calendar

Disclaimer: The settlement calendar is indicative and subject to change based on exchange notifications. Please refer to the official BSE website for the most up-to-date settlement schedules. Sunidhi Securities is not responsible for any changes made by the exchange after publication.

Important Notes

•Indian equity markets follow a T+1 settlement cycle, which means trades are settled one business day after the trade date.

•Holidays are not counted in the settlement cycle. If T+1 falls on a holiday, settlement happens on the next trading day.

•Both BSE and NSE follow the same settlement cycle for equity cash segment trades.

•Derivative contracts (Futures & Options) follow different settlement mechanisms. F&O contracts are settled on expiry dates.

•For auction settlements and other special cases, different timelines may apply. Check with your broker for specific details.

•The settlement calendar is subject to change based on exchange notifications. Always verify with official exchange communications.