What is the pay-in day and pay- out day?

Pay in day is the day when the brokers shall make payment or delivery of securities to the exchange. Pay out
day is the day when the exchange makes payment or delivery of securities to the broker. Settlement cycle is on
T+2 rolling settlement basis w.e.f. April 01, 2003. The exchanges have to ensure that the pay out of funds and
securities to the clients is done by the broker within 24 hours of the payout. The Exchanges will have to issue
press release immediately after pay out.

 

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