SEBI T+0 same-day settlement: top 500 stocks, how it works

T+0 settlement means your shares and money are settled on the same day you trade, instead of the next day. SEBI has made this optional cycle available on the top 500 listed stocks by market value. You keep using your normal broker app; T+0 runs in parallel with the regular T+1 cycle, and you choose it trade by trade where your broker offers it.

Short on time? Jump to “How to place a T+0 trade” below for the three steps.

In the regular T+1 cycle, if you sell shares today, the money reaches your account tomorrow. In T+0, the same trade settles by the evening of the same day. You get your funds or your shares hours after the trade, not the next working day. This helps active traders, people who need quick liquidity, and anyone who dislikes overnight settlement risk.

T+0 is optional. It does not replace T+1. Both cycles run side by side, and the same stock can trade in either. Prices in the two cycles can differ slightly because they are separate order books.

SEBI expanded T+0 in two stages. The beta started on 25 stocks in March 2024. It was then widened to the top 500 companies by market capitalisation (ranked as on 31 December 2024), with 100 stocks added at each month-end from 31 January 2025 and the full 500 covered by May 2025.

All investors can use T+0, not just large institutions. Your access depends on whether your broker has enabled the T+0 cycle on its platform.

1. Check your broker. Open your trading app and look for a “T+0” or “same-day settlement” option in the order window. If it is missing, your broker has not enabled it yet; ask their support.
2. Pick a qualifying stock. Confirm the stock is in the top 500 list your broker shows for T+0. Stocks outside the list trade only in T+1.
3. Place the order in the T+0 segment. Select T+0 before you confirm. Your funds or shares settle the same evening, subject to the session cut-off your exchange publishes.

Meera, a salaried investor in Pune, sells ₹80,000 of a large-cap stock at 11 a.m. to fund a medical bill the same day. In T+1 she would wait until the next morning for the money. Using T+0 on her broker app, the sale settles that evening and the funds are usable the same day. The convenience is real, but she still checks the price in the T+0 book separately, because it can differ from the T+1 price.

• Assuming every stock qualifies. Only the top 500 are eligible. Mid and small caps still settle in T+1.
• Expecting your broker to auto-enable it. T+0 is optional for brokers too. If the toggle is absent, it is a platform limitation, not your error.
• Ignoring the price gap. T+0 and T+1 are separate order books, so quote and liquidity can differ. Compare before you switch.
• Missing the cut-off. T+0 has an afternoon deadline; trades after it fall back to the normal cycle.

• Open your broker app and search the order window for a T+0 or same-day option.
• If it exists, place one small qualifying-stock trade to see the same-day credit.
• If it does not, message your broker asking when they will enable the T+0 cycle.
• Bookmark your exchange's T+0 stock list so you always trade an eligible scrip.

No. T+0 is fully optional for both investors and brokers. The default cycle stays T+1. You choose T+0 trade by trade, and only where your broker has enabled it on the top 500 stocks.

The top 500 companies by market capitalisation, ranked as on 31 December 2024. SEBI phased them in 100 at a time from 31 January 2025, completing all 500 by May 2025. Stocks outside this list settle only in T+1.

T+0 and T+1 are separate order books with their own buyers and sellers. Supply and demand in each can differ, so the quoted price and available volume may not match. Always compare both before placing a same-day trade.

SEBI did not mandate a separate charge for using T+0. However, brokerage and statutory levies still apply as in any trade. Check your broker's contract note, because individual platforms set their own fees.

T+0 is about settlement timing, not intraday positions. It gives same-day delivery of shares and funds. Intraday trading remains a separate product; ask your broker how T+0 interacts with their intraday and margin rules.

Your trades simply settle in the regular T+1 cycle. T+0 is optional for brokers, so many are still building the systems. You lose nothing; you only miss the same-day option until they enable it.

• SEBI Circular SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/172 dated 10 December 2024 - expansion of optional T+0 to top 500 stocks.
• SEBI Circular SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20 dated 21 March 2024 - beta launch on 25 stocks.
• SEBI portal, Securities and Exchange Board of India.

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• The RTI Playbook for using information rights with regulators.

To question a regulator's public record, try the AI RTI Drafter or track replies with the Timeline Tracker. See also the RTI Act, 2005.

SEBI T+0 settlement — complete guide on the instant settlement cycle for top 500 stocks:

1. Step 1: What is T+0 settlement? (a) the T+0 settlement — means the trade is settled — on the same day — as the trade — i.e., the buyer gets the shares — and the seller gets the money — on the same day, (b) the current settlement cycle — in India — is T+1 — which means the trade is settled — on the next business day — after the trade, © the T+0 settlement — is optional — and available — for the top 500 stocks — by the market capitalization — and the investors — can choose — T+0 or T+1 — for each trade, (d) the T+0 settlement — was introduced — by SEBI — on January 25, 2024 — and was implemented — in phases — starting with the top 500 stocks.
2. Step 2: How does T+0 settlement work? (a) the trade: (i) the investor places the trade — through the broker — on the exchange (NSE or BSE), (ii) the trade is executed — and the trade details — are sent to the clearing corporation — on the same day, (b) the clearing: (i) the clearing corporation — clears the trade — and determines — the obligations — the buyer's obligation — to pay — and the seller's obligation — to deliver the shares, (ii) the clearing — happens — on the same day — for the T+0 settlement, © the settlement: (i) the buyer pays — through the broker — to the clearing corporation — and the shares — are credited — to the demat account — on the same day, (ii) the seller delivers the shares — through the broker — to the clearing corporation — and the money — is credited — to the bank account — on the same day, (d) the timing: (i) the T+0 settlement — is available — for the trades — until 1:30 PM — and the settlement — happens — by 5:00 PM — on the same day, (ii) the T+1 settlement — continues — for the trades — after 1:30 PM.
3. Step 3: Which stocks are eligible for T+0 settlement? (a) the top 500 stocks — by the market capitalization — on the NSE — are eligible — for the T+0 settlement, (b) the list includes: (i) the large-cap stocks — like Reliance, TCS, HDFC Bank, Infosys, ICICI Bank, (ii) the mid-cap stocks — that are in the top 500 — by the market capitalization, © the list — is reviewed — and updated — periodically — by SEBI — and the exchanges — based on the market capitalization — and the liquidity, (d) the stocks — that are not in the top 500 — continue — with the T+1 settlement.
4. Step 4: Benefits of T+0 settlement. (a) instant liquidity: (i) the seller gets the money — on the same day — and can use it — for the next trade — or the withdrawal, (ii) the buyer gets the shares — on the same day — and can sell them — on the next day — or the same day — if the price increases, (b) reduced risk: (i) the settlement risk — is reduced — because the trade is settled — on the same day, (ii) the counterparty risk — is reduced — because the clearing corporation — guarantees the settlement, © improved efficiency: (i) the capital — is not blocked — for the T+1 period — and the investors — can use the capital — more efficiently, (ii) the arbitrage — between the exchanges — and the segments — is faster — because the settlement — is instant, (d) better for the institutional investors: (i) the FIIs and the DIIs — can manage their portfolios — more efficiently — with the T+0 settlement, (ii) the hedging — and the risk management — is better — because the positions — are settled — on the same day.
5. Step 5: Challenges and concerns. (a) operational: (i) the brokers — need to upgrade their systems — for the T+0 settlement — and the clearing — and the settlement, (ii) the banks — need to process the payments — on the same day — which may be a challenge — for the RTGS/NEFT — cut-off times, (b) liquidity: (i) the T+0 settlement — may reduce the liquidity — because the sellers — may hold the shares — to avoid the T+0 — and the buyers — may hold the cash — to avoid the T+0, (ii) the T+0 settlement — may increase the volatility — because the intraday — selling and buying — is faster, © cost: (i) the brokers — may charge — a higher fee — for the T+0 settlement — because of the additional processing, (ii) the clearing corporation — may charge — a higher fee — for the T+0 settlement.
6. Step 6: File RTI on SEBI T+0 settlement. File RTI with SEBI asking for: (a) the list: “Provide the list — of the top 500 stocks — eligible for the T+0 settlement — as on [date] — including: (i) the stock names, (ii) the exchanges, (iii) the market capitalization”, (b) the volume: “Provide the volume — and the value — of the T+0 trades — on the NSE and the BSE — for the period [date] to [date] — including: (i) the daily volume, (ii) the daily value, (iii) the number of trades”, © the grievances: “Provide the grievances — related to the T+0 settlement — for the period [date] to [date] — including: (i) the complaint numbers, (ii) the nature, (iii) the resolution”, (d) the circulars: “Provide the circulars — issued by SEBI — on the T+0 settlement — for the period [date] to [date] — including: (i) the circular numbers, (ii) the dates, (iii) the subject”.
7. Step 7: Practical tips. (a) check with the broker (not all brokers — offer the T+0 settlement — check with the broker — before placing the trade), (b) check the stock (not all stocks — are eligible — for the T+0 — check the list — on the NSE/BSE website), © place before 1:30 PM (the T+0 settlement — is available — only for the trades — until 1:30 PM), (d) monitor the charges (the broker — may charge — a higher fee — for the T+0 — check the charges — before placing the trade), (e) Example: A trader — sold 100 shares of Reliance — at Rs 2,800 — under the T+0 settlement — the shares were delivered — and the Rs 2,80,000 — was credited — to his bank account — on the same day — he used the money — to buy 100 shares of TCS — on the same day — under the T+0 settlement — and the TCS shares — were credited — to his demat account — on the same day.

See SEBI T+0 Settlement and RTI Scope.