Zerodha Unsettled T+1

Positions with unsettled balances

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Positions with unsettled balances include T+1 holdings (recently bought, not yet settled) and positions whose proceeds are pending settlement. These are treated differently for margin calculation purposes.

What’s unsettled

ActivitySettlement period
Equity CNC buyT+1 (or T+0 if eligible)
Equity CNC sellT+1
F&O daily MTMSame evening
Pledged collateralT+1 to T+2 for un-pledge
Cash transferUPI instant; NEFT 30 min

Effect on margin

Unsettled positions:

  • T+1 holdings: Quantity counted in Holdings but cannot be pledged or sold via standard CNC path same day.
  • Pending sell proceeds: Cash not in trading account until T+1.
  • F&O MTM same day: Reflects in margin used real-time.

Common scenarios

  • Same-day round-trip on T+0 scrip: Both legs settle T+0; proceeds available same day.
  • Same-day round-trip on T+1 scrip: Buy and sell both T+1; net effect on T+1.
  • CNC buy + open MTF on same scrip: Complex; multiple T+1 events.
  • F&O MTM debit: Affects margin used same day.

See also

External references

References

  1. SEBI, T+1 settlement framework, sebi.gov.in.
  2. NSE Clearing, Settlement schedule, nseclearing.com.
  3. Zerodha, Settlement and margin treatment, zerodha.com.

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