The biggest change in the history of the stock market was going to be implemented on all the stocks. But now it will be delayed. Yes, in the notification issued by NSE, it has been told that the T + 0 settlement system which was to be implemented from September 30 has been stopped for the time being. However, the exchange did not say when it will be implemented further. Let us tell you that it started as a pilot project from March 2024, but it was started for a few hours with selected stocks.
Currently, the information of any share you buy and sell is visible in your demat account within 24 hours. In simple words, after buying the share, it comes into the account within 24 hours. Whereas, after selling it, it is out of the account within 24 hours. Before 2002, there was a T+5 settlement system in India. 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. With this, the settlement of funds and shares started happening in 24 hours.
T+0 settlement is applicable in selected shares in the market. It has been implemented on selected shares from 9:15 am to 1:30 pm. The T+1 settlement system which is currently in force will continue to run as before and the charges applicable on it are also applicable in T+0. These include transaction charges, securities transaction tax. These will be visible in separate and optional windows. There will be a different window from the general transaction. Stock ID/Symbol: The ID of the stock will be the same as in the T+1 system. The # character will be used after the ID. For example, TATAMOTOR# is currently applicable only on 25 shares. These include Ambuja Cement, Ashok Leyland, Bajaj Auto, Bank of Baroda, BPCL, Birla Soft, Cipla, Cofarge, Divi's Labs, Hindalco, Indian Hotels, JSW Steel LIC Housing, LTI Mindtree, MRF, Nestle India, NMDC, ONGC, Petronet LNG, Samvardhana Motherson, SBI, Tata Communications, Trent, Union Bank of India and Vedanta.
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