(SEBI) has provided a T+1 settlement system for stock Market exchanges. If the stock exchange agrees to the proposal, buyers will get cash for Shares they sold or bought in their accounts faster, and in a safer and secure Environment.
About T+1 (T+2, T+3) cycles:
T+1 (T+2, T+3) refers to the abbreviation of the settlement date of securities transactions.
“T” represents the transaction date, that is, the date on which the transaction occurred.
The numbers 1, 2, or three denote how many days after the transaction date the settlementor the transfer of cash and protection ownershiptakes place.
T+1 refers to stocks and Mutual Funds, while T+1, T+2, and T+3 refer to Bonds and Money market funds.