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T+1 Settlement of Securities | What’s changing for your delivery trades on Jan 25

T+1 Settlement of Securities | What’s changing for your delivery trades on Jan 25

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Changing for your delivery trades

Change in Settlement Cycle to T+1 by SEBI from January

The Indian stock markets are shifting to a shorter trading cycle, T+1 settlement, on January 27. On 21st Sep 2021, the Securities and Exchange Board of India (SEBI) had introduced a next-day rolling settlement, or T+1 settlement. Since then, SEBI had started migrating stocks to T+1 settlement in a phased manner starting with the bottom 100 stocks by market cap. On January 27, all the large-cap and blue-chip stocks will move to the T+1 system, completing the migration. In the derivatives segment, all the stocks will be migrated to T+1 settlement in one shot.

What is a settlement cycle? What is changing?

 Settlement cycle is the time taken for a trade to be settled- that is, when the transfer of securities or funds is completed to your account. The settlement cycle is said to be completed only when the buyer receives the shares and the seller receives the money.

Currently, the market follows the T+2 settlement system. Under this, when you buy or sell a stock, you get your shares and funds in the demat account on the third working day. This includes the day of trade as well. This change would allow you to get shares in your account one day after you have bought them. On selling these securities, you will also get the money in your account one day after the trade takes place.

How does this impact you?

A shorter settlement cycle means you get your funds 1 day earlier on is increasing your freedom to trade, as your funds will roll faster into your accounts. It also helps minimising the risks, increasing liquidity, and protecting investors’ interests. 

But the transition is coming with a minor inconvenience. As part of this process, a stock that is bought one day before the transition takes place (25th Jan 2023) will be blocked from selling the next day. While this will not affect intraday traders, investors who are taking delivery of stock will be impacted.

If you purchase the stocks which are being transitioned on 27th Jan on 25th Jan (See full list below). Your stocks purchased, can not be sold on 27th Jan 2023 due to this transition. These stocks will be unblocked for trading on the next trading day (30th Jan)

List of Securities for T+1 Settlement on 27-Jan-2023

NSE SymbolCompany Name
AMARAJABATAMARA RAJA BATTERIES LIMITED
APOLLOTYREAPOLLO TYRES LIMITED
BALRAMCHINBALRAMPUR CHINI MILLS LIMITED
BSOFTBIRLASOFT LIMITED
CANFINHOMECAN FIN HOMES LIMITED
CHAMBLFERTCHAMBAL FERTILIZERS & CHEMICALS LIMITED
CUBCITY UNION BANK LIMITED
DELTACORPDELTA CORP LIMITED
EXIDEINDEXIDE INDUSTRIES LIMITED
FSLFIRSTSOURCE SOLUTIONS LIMITED
GLENMARKGLENMARK PHARMACEUTICALS LIMITED
GRANULESGRANULES INDIA LIMITED
GNFCGUJARAT NARMADA VALLEY FERTILIZERS AND CHEMICALS LIMITED
HINDCOPPERHINDUSTAN COPPER LIMITED
IDFCIDFC LIMITED
IBULHSGFININDIABULLS HOUSING FINANCE LIMITED
INTELLECTINTELLECT DESIGN ARENA LIMITED
MGLMAHANAGAR GAS LIMITED
MANAPPURAMMANAPPURAM FINANCE LIMITED
METROPOLISMETROPOLIS HEALTHCARE LIMITED
MCXMULTI COMMODITY EXCHANGE OF INDIA LIMITED
NATIONALUMNATIONAL ALUMINIUM COMPANY LIMITED
NAVINFLUORNAVIN FLUORINE INTERNATIONAL LIMITED
PVRPVR LIMITED
RAINRAIN INDUSTRIES LIMITED
RBLBANKRBL BANK LIMITED
FEDERALBNKTHE FEDERAL BANKÆ LIMITED
INDIACEMTHE INDIA CEMENTS LIMITED
AARTIINDAARTI INDUSTRIES LIMITED
ABBABB INDIA LIMITED
ABBOTINDIAABBOTT INDIA LIMITED
ACCACC LIMITED
ADANIENTADANI ENTERPRISES LIMITED
ADANIPORTSADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED
ABCAPITALADITYA BIRLA CAPITAL LIMITED
ABFRLADITYA BIRLA FASHION AND RETAIL LIMITED
ALKEMALKEM LABORATORIES LIMITED
AMBUJACEMAMBUJA CEMENTS LIMITED
APOLLOHOSPAPOLLO HOSPITALS ENTERPRISE LIMITED
ASHOKLEYASHOK LEYLAND LIMITED
ASIANPAINTASIAN PAINTS LIMITED
ASTRALASTRAL LIMITED
ATULATUL LIMITED
AUBANKAU SMALL FINANCE BANK LIMITED
AUROPHARMAAUROBINDO PHARMA LIMITED
AXISBANKAXIS BANK LIMITED
BAJAJ-AUTOBAJAJ AUTO LIMITED
BAJFINANCEBAJAJ FINANCE LIMITED
BAJAJFINSVBAJAJ FINSERV LIMITED
BALKRISINDBALKRISHNA INDUSTRIES LIMITED
BANDHANBNKBANDHAN BANK LIMITED
BANKBARODABANK OF BARODA
BATAINDIABATA INDIA LIMITED
BERGEPAINTBERGER PAINTS (I) LIMITED
BELBHARAT ELECTRONICS LIMITED
BHARATFORGBHARAT FORGE LIMITED
BHELBHARAT HEAVY ELECTRICALS LIMITED
BPCLBHARAT PETROLEUM CORPORATION LIMITED
BHARTIARTLBHARTI AIRTEL LIMITED
BIOCONBIOCON LIMITED
BOSCHLTDBOSCH LIMITED
BRITANNIABRITANNIA INDUSTRIES LIMITED
CANBKCANARA BANK
CHOLAFINCHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
CIPLACIPLA LIMITED
COALINDIACOAL INDIA LIMITED
COFORGECOFORGE LIMITED
COLPALCOLGATE PALMOLIVE (INDIA) LIMITED
CONCORCONTAINER CORPORATION OF INDIA LIMITED
COROMANDELCOROMANDEL INTERNATIONAL LIMITED
CROMPTONCROMPTON GREAVES CONSUMER ELECTRICALS LIMITED
CUMMINSINDCUMMINS INDIA LIMITED
DABURDABUR INDIA LIMITED
DALBHARATDALMIA BHARAT LIMITED
DEEPAKNTRDEEPAK NITRITE LIMITED
DIVISLABDIVI’S LABORATORIES LIMITED
DIXONDIXON TECHNOLOGIES (INDIA) LIMITED
DLFDLF LIMITED
LALPATHLABDR. LAL PATH LABS LTD.
DRREDDYDR. REDDY’S LABORATORIES LIMITED
EICHERMOTEICHER MOTORS LIMITED
ESCORTSESCORTS KUBOTA LIMITED
GAILGAIL (INDIA) LIMITED
GMRINFRAGMR INFRASTRUCTURE LIMITED
GODREJCPGODREJ CONSUMER PRODUCTS LIMITED
GODREJPROPGODREJ PROPERTIES LIMITED
GRASIMGRASIM INDUSTRIES LIMITED
GUJGASLTDGUJARAT GAS LIMITED
HAVELLSHAVELLS INDIA LIMITED
HCLTECHHCL TECHNOLOGIES LIMITED
HDFCAMCHDFC ASSET MANAGEMENT COMPANY LIMITED
HDFCBANKHDFC BANK LIMITED
HDFCLIFEHDFC LIFE INSURANCE COMPANY LIMITED
HEROMOTOCOHERO MOTOCORP LIMITED
HINDALCOHINDALCO INDUSTRIES LIMITED
HALHINDUSTAN AERONAUTICS LIMITED
HINDPETROHINDUSTAN PETROLEUM CORPORATION LIMITED
HINDUNILVRHINDUSTAN UNILEVER LIMITED
HONAUTHONEYWELL AUTOMATION INDIA LIMITED
HDFCHOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
ICICIBANKICICI BANK LIMITED
ICICIGIICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED
ICICIPRULIICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED
IDFCFIRSTBIDFC FIRST BANK LIMITED
INDIAMARTINDIAMART INTERMESH LIMITED
IEXINDIAN ENERGY EXCHANGE LIMITED
IOCINDIAN OIL CORPORATION LIMITED
IRCTCINDIAN RAILWAY CATERING AND TOURISM CORPORATION LIMITED
IGLINDRAPRASTHA GAS LIMITED
INDUSTOWERINDUS TOWERS LIMITED
INDUSINDBKINDUSIND BANK LIMITED
NAUKRIINFO EDGE (INDIA) LIMITED
INFYINFOSYS LIMITED
INDIGOINTERGLOBE AVIATION LIMITED
IPCALABIPCA LABORATORIES LIMITED
ITCITC LIMITED
JINDALSTELJINDAL STEEL & POWER LIMITED
JKCEMENTJK CEMENT LIMITED
JSWSTEELJSW STEEL LIMITED
JUBLFOODJUBILANT FOODWORKS LIMITED
KOTAKBANKKOTAK MAHINDRA BANK LIMITED
L&TFHL&T FINANCE HOLDINGS LIMITED
LTTSL&T TECHNOLOGY SERVICES LIMITED
LTILARSEN & TOUBRO INFOTECH LIMITED
LTLARSEN & TOUBRO LIMITED
LAURUSLABSLAURUS LABS LIMITED
LICHSGFINLIC HOUSING FINANCE LIMITED
LUPINLUPIN LIMITED
M&MFINMAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED
M&MMAHINDRA & MAHINDRA LIMITED
MARICOMARICO LIMITED
MARUTIMARUTI SUZUKI INDIA LIMITED
MFSLMAX FINANCIAL SERVICES LIMITED
MOTHERSONSAMVARDHANA MOTHERSON INTERNATIONAL LIMITED
MPHASISMPHASIS LIMITED
MRFMRF LIMITED
MUTHOOTFINMUTHOOT FINANCE LIMITED
NESTLEINDNESTLE INDIA LIMITED
NMDCNMDC LIMITED
NTPCNTPC LIMITED
OBEROIRLTYOBEROI REALTY LIMITED
ONGCOIL & NATURAL GAS CORPORATION LIMITED
OFSSORACLE FINANCIAL SERVICES SOFTWARE LIMITED
PAGEINDPAGE INDUSTRIES LIMITED
PERSISTENTPERSISTENT SYSTEMS LIMITED
PETRONETPETRONET LNG LIMITED
PIINDPI INDUSTRIES LIMITED
PIDILITINDPIDILITE INDUSTRIES LIMITED
PELPIRAMAL ENTERPRISES LIMITED
POLYCABPOLYCAB INDIA LIMITED
PFCPOWER FINANCE CORPORATION LIMITED
POWERGRIDPOWER GRID CORPORATION OF INDIA LIMITED
PNBPUNJAB NATIONAL BANK
RECLTDREC LIMITED
RELIANCERELIANCE INDUSTRIES LIMITED
SBICARDSBI CARDS AND PAYMENT SERVICES LIMITED
SBILIFESBI LIFE INSURANCE COMPANY LIMITED
SHREECEMSHREE CEMENT LIMITED
SRTRANSFINSHRIRAM TRANSPORT FINANCE COMPANY LIMITED
SIEMENSSIEMENS LIMITED
SRFSRF LIMITED
SBINSTATE BANK OF INDIA
SAILSTEEL AUTHORITY OF INDIA LIMITED
SUNPHARMASUN PHARMACEUTICAL INDUSTRIES LIMITED
SUNTVSUN TV NETWORK LIMITED
SYNGENESYNGENE INTERNATIONAL LIMITED
TATACHEMTATA CHEMICALS LIMITED
TATACOMMTATA COMMUNICATIONS LIMITED
TCSTATA CONSULTANCY SERVICES LIMITED
TATACONSUMTATA CONSUMER PRODUCTS LIMITED
TATAMOTORSTATA MOTORS LIMITED
TATAPOWERTATA POWER COMPANY LIMITED
TATASTEELTATA STEEL LIMITED
TECHMTECH MAHINDRA LIMITED
INDHOTELTHE INDIAN HOTELS COMPANY LIMITED
RAMCOCEMTHE RAMCO CEMENTS LIMITED
TITANTITAN COMPANY LIMITED
TORNTPHARMTORRENT PHARMACEUTICALS LIMITED
TORNTPOWERTORRENT POWER LIMITED
TRENTTRENT LIMITED
TVSMOTORTVS MOTOR COMPANY LIMITED
ULTRACEMCOULTRATECH CEMENT LIMITED
UBLUNITED BREWERIES LIMITED
MCDOWELL-NUNITED SPIRITS LIMITED
UPLUPL LIMITED
VEDLVEDANTA LIMITED
IDEAVODAFONE IDEA LIMITED
VOLTASVOLTAS LIMITED
WHIRLPOOLWHIRLPOOL OF INDIA LIMITED
WIPROWIPRO LIMITED
ZEELZEE ENTERTAINMENT ENTERPRISES LIMITED
ZYDUSLIFEZYDUS LIFESCIENCES LIMITED
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