T+1 Settlement Plan
- India will become the second country after China in the world to start the ‘trade-plus-one’ (T+1) settlement cycle in top listed securities from January 27,2023.
- Launched on – On January 27, 2023
- Launched by National Stock Exchange (NSE) and Bombay Stock Exchange BSE
- Objective Trade-related settlement within 24 hours
- The T+1 settlement cycle means that trade-related settlements must be done within a day, or 24 hours, of the completion of a transaction.