+ Expand AllSettlement Cycle

  • Q For whom is this applicable to?
    A
    This is applicable to online trading customers.
  • Q Settlement
    A

    Settlement/payment cycle when customer buys shares

    Day Transaction Day Party with obligation Activity
    Day 1 T (SAY MONDAY) CUSTOMER BUYS SHARES OF A PARTICULAR COMPANY
    Day 2 T+1 (TUESDAY) CUSTOMER FUNDS TO BE PAID BY CUSTOMER TO KOTAK SECURITIES FOR SHARES PURCHASED
    DAY 3 T+2 (WEDNESDAY) KOTAK SECURITIES KOTAK SECURITIES TRANSFERS FUNDS TO STOCK EXCHANGE
    DAY 3 T+2(WEDNESDAY) STOCK EXCHANGE STOCK EXCHANGE TRANSFERS SHARES TO KOTAK SECURITIES
    DAY 4 T+3 (THURSDAY) KOTAK SECURITIES SHARES PURCHASED ON DAY 1 ARE REFLECTED IN THE CUSTOMER'S DEMAT ACCOUNT AND ARE MADE AVAILABLE FOR DELIVERY TRADE.

    NOTE:-The table depicted above is applicable to delivery trades (the stock exchanges follow a system whereby the shares bought today will move into the demat account of the customer in T+2 Days). However in the case of BNSTG, the customer may buy shares of a company today and sell 75% of the shares bought the very next day .The facility of BNSTG is available only for a list of scrips that we specify. Please click here to find the list of scrips available for BNSTG .

    Settlement/payment cycle when customer sells shares:

    Day Transaction Day Party with obligation Activity
    Day 1 T (SAY MONDAY) CUSTOMER PLACES A SELL ORDER TO SELL SHARES LYING IN HIS/HER DEMAT ACCOUNT
    Day 2 T+1 (TUESDAY) CUSTOMER SHARES TO BE SOLD SHOULD BE AVAILABLE IN THE DEMAT ACCOUNT WITH KOTAK SECURITIES
    DAY 3 T+2 (WEDNESDAY) KOTAK SECURITIES KOTAK SECURITIES TRANSFERS SHARES TO STOCK EXCHANGE
    DAY 3 T+2(WEDNESDAY) STOCK EXCHANGE STOCK EXCHANGE TRANSFERS FUNDS TO KOTAK SECURITIES
    DAY 4 T+3 (THURSDAY) KOTAK SECURITIES FUNDS DUE TO CUSTOMER FOR THE SHARES SOLD ARE REFLECTED IN HIS TRADING ACCOUNT.
  • Q What is the procedure to stop the transfer of settlement payouts to my bank account?
    A

    To stop the transfer of settlement payouts to your bank account, we request you to kindly post a Query on the Solve Your Queries Link Under Customer Service after logging into your account.

    Then click on account related and choose Mark Pay On Request- and write YES on the space provided below.

    The change shall be effected from the next working day on receipt of the request.

Why Demat Account?
  • Mandatory by SEBI
  • Easy Portfolio Management
  • Security of Equity Investments.
Reach Us
Read about share market basics

Read More >