T+1 Settlement
T+1 settlement is the Indian cash-market rolling settlement convention in which a trade executed on a trading day (T) is settled one trading day later, when the shares and funds change hands. "T+1" counts trading days, not calendar days, so weekends and exchange holidays are skipped rather than counted. Since early 2023 the Indian equity cash segment has operated on this T+1 rolling cycle as the standard.
Also called: T+1, T plus 1 settlement, T + 1, T+1 settlement cycle, T1 settlement, rolling settlement T+1, trade plus one settlement
How it is read
It is commonly read as "settlement happens on the next trading day after the trade." Because only trading days are counted, a Friday trade typically settles the following Monday, and any intervening NSE holiday pushes the settlement date one further trading day forward (a holiday roll). The exchange may also publish specific settlement exceptions for particular dates, and a published exception takes priority over the plain rolling rule. The settlement calculator on this site applies exactly this logic — holiday-aware trading-day stepping with published exceptions honoured first — to show an indicative settlement date for a given trade date and cycle.
What it does not tell you
The cycle tells you when settlement is scheduled, not the price, profit, or any outcome of a trade. It is a convention for the regular cash (delivery) segment and does not by itself describe intraday, derivatives (F&O), or special-window mechanics, which follow their own timelines. "T+1" alone does not name a date — the actual settlement date depends on the trade date and the published NSE calendar, so weekend and holiday rolls must be applied. An indicative date shown by a tool is informational and can differ from a broker's or clearing corporation's official record for a specific trade; the published exchange circulars and your clearing statement are the authoritative reference.
NiftyLens provides general educational information and user-input mathematical utilities. It does not provide personalised investment advice, research recommendations, trade calls, price targets or suitability assessments. Market-calendar, settlement and transaction-cost information may change and should be verified against current official exchange, clearing, broker, depository and tax records. Trading and investing involve risk; you remain responsible for your own decisions and should seek appropriately qualified professional advice where needed.