Bought is not the same as received

Watch the shares arrive.

Your order matched in a second. But the shares don't reach your demat account straight away. Watch the calendar.

T, T+1 and settlement

• T: trade day the day you buy — Your order is matched. Your broker takes the money from your trading account and sends you a contract note.
• T+1: settlement day one working day later — The clearing corporation completes the swap: the seller's shares reach **your demat account**, and your money reaches the seller.

**Settlement** is the moment the money and shares actually change hands. Only then are the shares in your demat account.

In India all shares settle on **T+1** (since January 2023). Older books and guides may say T+2, which was the rule before.

Scrub through the days

Press play, or tap each moment.

Example amounts; charges left out.

When will my shares arrive?

Try each day.

T+1 counts **working days**, when the market is open. Pick the day you buy.

**Remember:** count one working day from the trade, skipping weekends and market holidays.

Check — Question 3 of 4

When does it happen?

What you now know

• The day you trade is T, the trade day.
• Settlement is when the money and shares actually change hands.
• In India, shares settle on T+1: one working day after the trade.
• Money leaves your trading account on trade day; the shares reach your demat on T+1.
• Weekends and market holidays don't count.