Until 27th January 2023 , Indian Stock Exchanges followed a T+2 settlement cycle for equity and T+1 for F&O. However, all instruments in Cash segment are moved to  T+1 Settlement Cycle from 27th January 2023.

The time taken for a trade to be settled is referred to as settlement cycle. The settlement cycle for all the instruments traded on the Indian stock exchanges is T+1 working day, where T stands for the trading day. 

Example (Cash segment)

Buying of Shares:

1. Shares are bought on Friday (T day).
2. They get credited to the demat account on Monday (T+1 working day).

Selling of Shares: 

1. Shares are sold on Friday (T day).
2. Payout of sale proceed will be released by Exchange on T+1 working day. Hence, funds withdrawal request can be placed  from the trading account after Monday evening.

It will take an additional day for the settlement process if there’s a settlement holiday.  Check here for Settlement holidays calendar.