There is only one hour left; don't wait for days. Investors in stocks should be happy!
Sebi has stated that it intends to develop a mechanism for one-hour settlements.
CONCLUSION IN ONE HOUR...
On the stock market, many people purchase and sell stocks. Every day, the stock market handles transactions worth billions of crores of rupees.
Let's say the second person purchases stock from the first. Settlement occurs when shares are given to the second party and money is given to the first.
A 24 hour wait is necessary...
The T+1 settlement system is now in effect. D+1 signifies that the settlement is finished in a day. This means that the shares are transferred to the buyer and seller within 24 hours of the trade. D+1
IMMEDIATE SETTLEMENT METHOD...
Sebi intends to put in place an immediate settlement system. That is, the settlement is finished and the shares and cash are paid right after the share transaction.
However, certain technical adjustments are needed. Thus, according to SEBI Chairman Madhabi Puri Buch, the instant settlement system should be put into place by the end of 2024.
ONE HOUR SETTLEMENT
According to the SEBI chairman, the one-hour settlement system will be put into place before the instant settlement system.
He claimed that by March of next year, they hope to have the hourly settlement system in place. If the one-hour settlement system is put into place, the buyer will receive shares and the seller would receive cash within an hour of the transaction.
The ability for the shareholder who sold the share to purchase another share right away is crucial.