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+ Expand AllSettlement Cycle
Q For whom is this applicable to?AThis is applicable to online trading customers.
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.
Read about share market basics