T+0 settlement hits pause: SEBI defers rollout for brokers

The deadline, previously extended to November 1, 2025, was pushed back after brokers cited operational and system-level challenges.
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The Securities and Exchange Board of India (SEBI) has further extended the deadline for Qualified Stock Brokers (QSBs) to implement systems and processes required for the optional T+0 settlement cycle in the equity cash market.

Originally scheduled for May 2025 and later extended to November 1, 2025, the regulator has now deferred the deadline indefinitely, citing challenges brokers face in achieving readiness.

SEBI said the revised implementation timeline and further guidance will be communicated later.

Published on October 31, 2025