Faster securities settlement: 3:30 PM payout, direct demat credit on T+1.

Securities payout timing revised from 1:30 PM to 3:30 PM under T+1 rolling settlement. Clearing Corporations to credit securities directly to client demat accounts on settlement day instead of one working day later. Stock Exchanges, Clearing Corporations and Depositories to amend relevant bye-laws, rules and regulations accordingly. Circular issued under SEBI Act 1992, Securities Contracts (Regulation) Act 1956 and Depositories Act 1996 to protect investor interests and regulate securities market. .....

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