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.
Funds- 10:50 a.m. on T+1
|Funds- 10:50 a.m. on T+1
Funds- After 3:30 p.m. on T+1
|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.
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.