SEBI Revises Pay-Out Timings for Direct Credit of Securities to Clients’ Demat Accounts

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  • Last Updated on 15 October, 2024

SEBI Pay-out Timing Revision

Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/137; Dated: 10.10.2024

Earlier, SEBI vide circular dated June 5, 2024, mandated Clearing Corporations to credit pay-out of securities to the client account directly, revising pay-out timing from 1:30 PM to 3:30 PM. This ensures securities are credited to clients’ demat accounts on the same trading day instead of one working day from receipt of pay-out from the exchange. The T+1 rolling settlement schedule under SEBI’s Master Circular dated October 16, 2023, also stands revised w.r.t timing of pay-out of securities.

Click Here To Read The Full Circular

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