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Atharva Deshmukh
Daily Learnings... • 1y
The day you make the transaction is the trade date,brokers called it as the 'T Day.' On the T day, the broker generates a ‘contract note’ and emails you the copy to your registered email id. A contract note is like a bill detailing all your daily transactions. Starting January 2023, India became the first country to implement a T+1 settlement for all the scrips listed on the stock exchanges. Earlier when you used to buy the shares, these would be delivered to your demat account on T+2 day. When you sell shares, the shares are blocked immediately, and the sale proceeds are credited again on T+1 day. Earmarking of shares was introduced to ensure the securities don’t move out of the client’s demat account to the broker’s pool account.
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