Introduction of T+1 settlement
From Feb 2022, the T+1 settlement cycle will be introduced in a phased manner in the Indian markets. The biggest benefit: You can withdraw funds within 1 day when you sell stocks. We’ll be the 2nd large market in the world to move to T+1, kudos to SEBI for pushing this.
Why isn’t it possible for T+0 or Instant settlement like UPI? Unlike bank transfers where it’s money, stocks & money to be settled. Also, most trades daily are intraday, folks selling shares without actually holding them which makes it tricky.