The Securities and Exchange Board of India (Sebi) has proposed the implementation of a same-day settlement cycle (T+0) in two phases as an initial step towards instantaneous settlement.
According to a Sebi consultation paper, in Phase 1, an optional T+0 settlement cycle (for trades till 1:30 pm) is envisaged, with settlement of funds and securities to be completed on the same day by 4:30 pm.
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