What are Pay-in and Pay-out days?
The Pay-in day is the day on which a broker is required to make the payment (deliver securities) to the exchange for an executed buy (sell) transaction.
The Pay-out day is the day on which the exchange transfers due payments or delivers securities to a broker.
As per the rolling trade settlement cycle followed in India, pay-in and pay-out of funds and securities are carried out by T+1 (equity and derivatives).
Accordingly, the pay-in and pay-out of funds and securities are also carried out on the settlement day.
| Pay-in/Pay-out | Equity | Derivatives |
|---|---|---|
| Pay-in | Funds- 10:50 a.m. on T+1 Securities- T day | Funds- 10:50 a.m. on T+1 |
| Pay-out | Funds- After 3:30 p.m. on T+1 Securities- T day | Funds- After 3:30 p.m. on T+1 |
If the settlement day is a holiday, funds and securities are made available on the next trade settlement day. The shares bought will be blocked on this day.
Sell delivery trades executed through Geojit are normally given as early pay-in; shares sold will be debited from your demat account on the trade day.
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