The biggest change in stock market history was about to apply to all stocks. But now it will be delayed. Yes, the notification issued by the NSE has said that the T+0 settlement system which was supposed to be implemented from September 30, has been sufficiently suspended for now. However, the exchange did not say when it would be implemented next. Let us tell you that this was started as a pilot project from March 2024, but it was launched for a few hours with selected shares.
What next? The stock exchange said that the T+0 settlement system will be suspended until further notice. As for now, share purchase and sale information is visible in the demat account after 24 hours. In simple words, after buying a share, it comes to the account within 24 hours. After making a sale, it is deleted from the account within 24 hours.
India had a T+5 settlement system before 2002. SEBI introduced T+3 settlement in 2002. T+2 settlement was implemented in the year 2003. The system continued to operate until market year 2021. After this T+1 system was introduced. It was implemented in January 2023. Due to which the settlement of funds and shares started within 24 hours.
T+0 settlement is applicable in selected stocks in the market. This has been applied to selected shares from 9:15 AM to 1:30 PM.
The T+1 settlement system currently in force will continue to function as before and the charges applicable thereon will be applicable in T+0 as well. It includes transaction charges, securities transaction tax.
This will appear in a separate and alternate window. There will be a separate window from the normal Stock ID/Symbol: Stock ID will be the same as in the T+1 system. A # character will be used after the ID. Like-TATAMOTOR#
Currently T+0 settlement is applicable only to Ambuja Cement, Ashok Leyland, Bajaj Auto, Bank of Baroda, BPCL, Birla Soft, Cipla, Cofarge, Divis Labs, Hindalco, Indian Hotels, JSW Steel.
T+0 settlement is also applicable in LIC Housing, LTI Mindtree, MRF, Nestle India, NMDC, ONGC, Petronet LNG, Samvardhan Motherson, SBI, Tata Communications, Trent, Union Bank of India and Vedanta.
