| FAQ's > Equity > Settlement Cycle
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For whom is this applicable to? |
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This is applicable to online trading customers.
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| 2. |
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Settlement |
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Settlement/payment cycle when customer buys shares |
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| 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. |
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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 .
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Settlement/payment cycle when customer sells shares: |
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| 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. |
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| 3. |
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What is the procedure to stop the transfer of settlement payouts to my bank account? |
| A. |
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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.
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