Sebi Defers Deadline For Implementation Of T+0 Settlement System By Six Months

Sebi t+0 Settlement News: The Securities and Exchange Board of India (Sebi) has extended the timeline for the implementation of the provisions for an optional T+0 settlement cycle for Qualified Stock Brokers (QSBs) by a period of six months.

Sebi t+0 Settlement Cycle

Notably in the T+0 Settlement System, the trades conducted by market participants are settled on the same day on which they are made. In the T+0 settlement, T is the day of the trade and 0 refers to the number of days taken for settlement).

Earlier on December 10, 2025, Sebi had broadened the scope of the optional T+0 settlement to the top 500 stocks in terms of market capitalisation. The market regulator also urged designated stock brokers or QSBs to facilitate the ‘seamless participation’ of investors in the optional T+0 settlement cycle by May 1, 2025.

“Stock brokers who are designated as QSBs and meet the parameter of minimum number of active clients for qualification as QSB as on December 31, 2024 shall put in place necessary systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle,” Sebi said in a circular.

Sebi added that after consultation with QSBs and other relevant entities such as stock exchanges, clearing corporations and depositories, it decided to extend the timeline for putting in place mechanisms to facilitate the participation of investors in the optional T+0 settlement cycle to November 1, 2025.

“Based on the feedback received from QSBs; subsequent discussions with stock exchanges, clearing corporations, depositories and QSBs; and in order to ensure smooth implementation of the same, it has been decided to extend the timeline for QSBs for putting in place the necessary systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle, to November 1, 2025,” Sebi said.

At present, as many as 25 stocks fall under the optional T+0 settlement cycle, and 500 stocks will be added to the list. Sebi also urged market infrastructure institutions (MIIs) to undertake necessary steps to put systems in place for implementation of the T+0 system and make requisite amendments to the relevant byelaws, rules and regulations, and bring the changes to the notice of the market participants and disseminate the same on their website.