As per the rolling settlement cycle, shares bought by you on Monday will be received in your demat account on Wednesday. The completion of the settlement cycle hinges on you receiving the entire quantity of shares in your demat account on Wednesday. However, there is a possibility that the person who sold you shares on Monday fails to deliver the shares. In that case, you won t receive any shares in your demat account on Wednesday. In such a scenario, the Exchange will deliver the shares on Friday (that is, the end of the T+4th day) instead of on the T+2nd day.
If the Exchange fails to deliver even on the T+4th day, you will receive the close-out amount back in your trading account on end of the T+4th day.
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