InvestorQ : If I purchase a stock today how many days will it take for the final settlement?
Anjali Desai made post

If I purchase a stock today how many days will it take for the final settlement?

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Roshni Hegde answered.
3 months ago
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​The Secondary Markets Advisory Committee (SMAC) with SEBI nods for raising the capital adequacy ratio of a stockbroker from around ₹50 lakh (base minimum capital) to ₹1 crore. The proposal includes advancing net worth criteria for stockbrokers to ₹1 crore from ₹10 lakh on the BSE, and upping the net worth of trading-cum-clearing members to ₹25 crore.

Currently, securities transactions settle within two business days of their trade date. So, for now, if you sell your holding today or say Monday, the transaction settlement day would be Wednesday i.e T+2 New settlement cycle- T+1 (as FPIs are strongly against the move). That means if an investor purchases a stock today, the entire transaction including final money payment and transfer of shares will be completed on the third day.

SEBI continues to work with SMAC on ideas towards faster trade settlement and bring it to the early morning of the next day of the trade.

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