We recommend reading this chapter on Varsity to learn more and understand the concepts in-depth.

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Key takeaways from this chapter

1. The day you make a transaction, the trade date, is represented as ‘T Day.’
2. The broker is required to issue you a contract note for all the transactions carried out by the end of T day.
3. When you buy a share, the same will be reflected in your DEMAT account by the end of T+1 day.
4. All equity/stock settlements in India happen on a T+1 basis.
5. The shares are blocked immediately when you sell shares, and the sale proceeds are credited again on T+1 day.