NISM Certifications · NISM-Series-XV: Research Analyst · Introduction to Securities Market
In the secondary market, the settlement cycle for equity cash market trades on Indian exchanges is currently:
The standard settlement cycle for equity cash market trades in India is T+1, meaning settlement occurs one working day after the trade date. Earlier cycles such as T+3 and T+2 have been replaced, and same-day settlement is not the standard cycle.
- AT+2
- BT+1Correct
- CT+3
- DSame day for all trades
Explanation
Indian exchanges moved equity cash segment to T+1 rolling settlement, completed in January 2023. T+2 and T+3 were earlier cycles. Optional T+0 existed only as a limited beta facility, not the standard cycle.
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