Instant settlement T+0 stocks list
T+0 (instant settlement) is the same-day settlement cycle introduced by SEBI in March 2024 as a pilot, expanded subsequently to a broader universe of stocks. The eligibility list is maintained by NSE and BSE and updated periodically as the framework scales.
What T+0 means
In T+0 settlement, the buy and sell legs of an equity trade settle on the same trading day, not on T+1 as under the standard T+1 cycle .
| Cycle | Settlement timing |
|---|---|
| T+0 (instant) | Same day; shares and cash credit / debit on T day |
| T+1 | Next trading day |
| T+2 (legacy) | Phased out in India in 2023 |
For T+0, trades placed during the dedicated T+0 session window (initially 09:15 to 13:30, expanded subsequently) settle the same evening.
Pilot launch: March 2024
SEBI launched the T+0 pilot with 25 scrips in March 2024. The initial list:
- Most large-cap NSE / BSE 100 constituents.
- Highly liquid scrips with low ASM / GSM flags.
- Both NSE and BSE listings (for dual-listed scrips, both exchanges supported T+0).
Examples in the pilot batch:
- RELIANCE, TCS, INFY, HDFCBANK, ICICIBANK
- ITC, SBIN, BHARTIARTL, HINDUNILVR, KOTAKBANK
- LT, AXISBANK, MARUTI, BAJFINANCE, ASIANPAINT
- And 10 additional large-caps.
Expansion phases
After 6-12 months of pilot operation, SEBI expanded the list in phases:
| Phase | Stocks added | Approximate count |
|---|---|---|
| Phase 1 (pilot) | Top 25 large-caps | 25 |
| Phase 2 (Oct 2024) | Next 75 by market cap | +75 (total 100) |
| Phase 3 (early 2025) | Selected mid-caps | +100 (total ~200) |
| Phase 4 (2025-26) | Wider liquid universe | +300 (total ~500) |
The exact list is maintained by NSE and BSE; check the current scrip list on the exchange website.
Eligibility criteria
For a scrip to be added to the T+0 list:
- High liquidity with average daily volume exceeding a threshold.
- No ASM / GSM flag (or equivalent surveillance restriction).
- No price-band restriction (10% / 20% circuit cap) on most days.
- No corporate action pending that would complicate same-day settlement.
- Stable trading history (typically 12+ months on the exchange).
The exchange revisits the list quarterly. Scrips that fall out of eligibility are removed (with notice); scrips that meet criteria are added.
Where to find the current list
- NSE: nseindia.com/products-services/equity-market > T+0 segment list.
- BSE: bseindia.com > Equity segment > T+0.
- Zerodha: Kite > Marketwatch search; T+0-eligible scrips carry a tag in the dropdown.
- Bhav copy: End-of-day bhav copy includes T+0 segment data.
Effect on retail trading
For retail investors, T+0 means:
- Faster fund availability. Sell at 10:00, proceeds usable for next buy by ~16:00 (same day).
- Faster portfolio rebalancing on the eligible scrips.
- Reduced settlement risk (the window between trade and settlement is shorter).
For active intraday traders, T+0 was less of a change (intraday MIS already settles same-day via netting). For delivery investors, it’s a meaningful speedup.
Effect on derivatives
T+0 currently applies to equity (cash segment) only. F&O contracts continue to settle per the F&O cycle:
- Index options / futures: Daily MTM with cash settlement.
- Stock options / futures: Daily MTM with physical settlement at expiry.
T+0 does not extend to F&O as of 2026.
Difference from intraday MIS
| Concept | T+0 (delivery) | Intraday MIS |
|---|---|---|
| Position type | Delivery (CNC) | Intraday only |
| End of day | Settled and credited / debited | Squared off, net cash |
| Carry forward | Yes (you own the shares) | No |
| Settlement timing | Same day evening | Daily MTM |
T+0 lets you buy a stock for delivery and have the credits / debits done same day. MIS lets you trade intraday with no overnight position.
Edge cases
Order rejection on a non-T+0 scrip
If you place a T+0 segment order on a scrip not eligible for T+0, the order is rejected with “Scrip not eligible for T+0”.
T+0 session window
T+0 orders are accepted only during the T+0 session window (which has been expanded over time). Orders placed outside the window are queued or rejected.
Mixing T+0 and T+1 orders
You can trade the same scrip via T+0 and T+1 segments in the same day. The settlements are independent.
See also
- T+1 settlement in Indian equity
- How to buy T+0 stocks on Zerodha
- Settlement cycle changes 2025-26
- SEBI peak margin rules explained
- SEBI margin pledge rules September 2020
- Direct payout to demat SEBI rule
- Upfront margin requirements post-2020
- 50:50 cash collateral rule explained
- Margin trading SEBI new rules 2026
- Kite Holdings tab explained
- Kite Positions tab explained
- T1 above shares on holdings
- Credit from T1 holdings unavailable same day
- Delivery shares under positions same day
- ASM and GSM frameworks explained
- Circuit filters NSE BSE
- Trade-to-Trade segment rules
- Periodic Call Auction stocks
- How to add scrips to the Kite marketwatch
- How to use the marketwatch on Kite
- CNC product type
- MIS product type
- National Stock Exchange
- Bombay Stock Exchange
- Pay-in funds explained
- SEBI
- Kite (Zerodha)
- Zerodha
External references
References
- SEBI, T+0 instant settlement framework, pilot launch, circular dated 21 March 2024.
- SEBI, T+0 segment expansion, circulars dated 2024-25.
- NSE India, T+0 eligible scrips list, nseindia.com.
- Zerodha Support, T+0 trading on Kite, support.zerodha.com.