T+1 settlement date calculator
The Indian cash market settles on a T+1 rolling cycle — one trading day after the trade. This tool steps forward over weekends and exchange holidays, and applies any published settlement exception, to show the indicative settlement date.
Indicative settlement
T+1 rolling settlement (holiday-aware trading-day stepping).
How T+1 settlement is counted
"T" is the trade date. The settlement date is the next trading day (T+1), skipping Saturdays, Sundays and exchange holidays. When a holiday falls on what would have been the settlement day, settlement rolls to the following trading day. Some dates carry a specific clearing-corporation exception (for example a settlement that shifts because of an unscheduled holiday); where one is published, the tool uses it instead of the rolling rule and shows the reference.
Intraday trades that are squared off the same day do not result in delivery settlement; the T+1 cycle applies to positions carried to delivery.
Settlement FAQ
When will my shares and funds settle after a trade on NSE?
In the Indian cash market, equity delivery trades settle on a T+1 basis, meaning settlement happens on the next trading day after the trade date (T). Shares purchased are generally credited to the demat account, and sale proceeds reflected, on T+1, subject to your broker's internal processing timelines.
What is T+1 settlement in the Indian stock market?
T+1 means trade date plus one trading day: the obligation to deliver shares or pay funds is settled one working day after the trade is executed. NSE and BSE completed the phased transition of the cash segment to a T+1 rolling settlement cycle in January 2023.
What happens to settlement when there is a market holiday or weekend?
Settlement counts trading days, not calendar days, so weekends and exchange holidays are skipped. A trade executed on a Friday or on the session before a holiday generally settles on the next available trading day rather than the immediate calendar day, following the NSE settlement calendar.
Is settlement the same for intraday trades?
Intraday positions that are both opened and closed within the same session are squared off the same day, so there is no delivery of shares to or from the demat account and no T+1 delivery obligation arises. Only positions carried as delivery flow into the T+1 settlement cycle for shares and funds.
What is the difference between trade date and settlement date?
The trade date (T) is when the order is executed on the exchange, while the settlement date is when shares and money actually change hands, which is T+1 in the NSE cash segment. The two dates differ because clearing and settlement are processed by the clearing corporation after the trade is matched.
Does T+1 settlement apply to F&O the same way as cash equities?
T+1 is the rolling settlement cycle used for the NSE cash (delivery) segment for shares and funds. NSE F&O contracts are cash-settled derivatives with their own daily mark-to-market and final settlement rules, so the delivery-based T+1 share-credit concept does not apply to them in the same form.
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.