Important update on sell amounts from your holdings
Effective 1st December 2020, the SEBI regulation regarding peak margins has changed the way sell amounts get credited from your Demat or T1 holdings. Here’s how it impacts you.
Selling a share from your Demat holdings
- 80% of the sell amount is available for trading on the same day
- The remaining 20% will be available for trading from T+1 day onwards
- 100% of the sell amount will be available for withdrawal from T+2 days onwards
Selling a share from your T1 holdings
- No Funds from the sell transaction will be available for trading on the same day
- 100% of the total sell amount will be available for trading only from T + 1 day onwards
- 100% of the total sell amount will be available for withdrawal from T + 2 days onwards
Here’s an example:
Demat holdings | |
Sell Date
9th December 2020 |
|
On 9th Dec (same day- T day) | 80% of the total sell amount is available for trading only |
On 10th Dec ( T+1 day) |
100% of the total sell amount is available for trading only |
On 11th Dec ( T+2 day) |
100% of the total sell amount is available for trading and withdrawal |
T1 holdings | |
Sell Date
9th December 2020 |
|
On 9th Dec (same day- T day) | No amount is available |
On 10th Dec ( T+1 day) |
100% of the total sell amount is available for trading only
|
On 11th Dec ( T+2 day) | 100% of the total sell amount is available for trading and withdrawal |
Please note: In case there is a bank or trading holiday between the date of selling to T+2 day, the settlement period will be extended accordingly.
A quick recap on what are T1 holdings
Any stocks that are still in transit between the Exchange and Upstox i.e. have still not completed the T+2 days settlement cycle will be listed under the ‘T1 Holdings’ tab on the Upstox web and mobile app. This signifies that as of now, the stock has not yet been successfully credited to your Demat account.