In accordance with the new SEBI directive, effective from 16th September 2020, the amount from your sell trades on equities will be available in your...
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In accordance with the new SEBI directive, effective from 16th September 2020, the amount from your sell trades on equities will be available in your account only on the next trading day (T+1 day). T1 holdings show the list of stocks that have not completed a settlement cycle of T+2 days.
To make the new SEBI directive easier for you to follow, we have split the delivery of all equity shares that you purchase under 2 separate categories.
On our platforms, under the ‘Holdings section’ you will now see 3 tabs:
1. Demat Holdings
2. T1 Holdings
3. All Holdings.
Once your equity delivery trade is successfully executed, it takes the trade day + 2 additional days for Upstox to be able to receive the stock from the Exchange as per the SEBI-mandated clearing and settlement cycle.
Any stocks that are still on the way from the Exchange to Upstox i.e. have still not completed the T+2 days settlement cycle will be listed under the ‘T1 Holdings’ tab. This signifies that the stock has not yet been successfully credited to your Demat account.
All your stocks that have successfully completed the T+2 days settlement cycle will be listed under the ‘Demat Holdings’ tab. This signifies that the stock has been successfully credited to your Demat account.
The ‘All Holdings’ tab will reflect a sum of your ‘Demat’ + ‘T1’ Holdings.
For eg. For a stock bought on Tuesday, the ‘T1’ holdings tab will reflect the stock on Wednesday & Thursday, while the ‘Demat Holdings’ tab will reflect the stock from Friday (after T+2 days). Please note: In case you wish to sell a stock either from your ‘Demat’ or ‘T1’ Holdings, our platform will first try to use the quantity of the stock from your Demat holdings before searching for the stock within your ‘T1' Holdings per the risk management rules at Upstox.