Key Points of Clearing and Settlement in Stock market
- The trade date, or the day you make a deal, is called the "T Day."
- By the end of T day, the broker must give you a contract note for every transactions.
- By the end of T+1 day after you buy a share, it will show up in your DEMAT account.
- All stock and equity transactions in India take place on a T+1 basis..
- As soon as you sell shares, they are blocked, and the money from the sale is refunded back to your account on the T+1 day.
- As soon as you sell shares, they are blocked, and the money from the sale is refunded back to your account on the T+1 day.
