The securities and exchange board of India has decided to start a trial run for settling accounts on the same day, which is T+0 day. The trial run will commence only for 25 select stocks and only a few select brokers will be allowed to take part in the trial run.
Sebi’s move to switch to T+0, as compared to the earlier T+2 days, will help brokers to free their locked cash the same day. Sebi will launch the release of funds on the same day from the 28th of March this year. The move will lead to more liquidity in the stock market, and eventually help investors in the longer run.
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