In order to make the new SEBI directive more easier for you to follow, we have split the delivery of all equity shares you purchase under 2 separate categories.
On our platforms, under the ‘Holdings section’ you will now see 3 tabs- Demat Holdings, T1 Holdings and All Holdings.
Once your equity delivery trade is successfully executed, it takes the trade day + 2 additional days for Upstox to be able to receive the stock from the exchange as per the SEBI mandated clearing and settlement cycle.
All your stocks that have successfully completed this T+2 days settlement cycle will be listed under the ‘Demat Holdings’ tab. This signifies that the stock has been successfully credited to your Demat account.
Any stocks that are still in transit between the exchange and Upstox i.e. have still not completed the T+2 days settlement cycle will be listed under the ‘T1 Holdings’ tab. This signifies that as of now, the stock has not yet been successfully credited to your Demat account.
The ‘All Holdings’ tab will reflect a sum of your ‘Demat’ + ‘T1’ Holdings.
Please note: In case you wish to sell a stock either from your ‘Demat’ or ‘T1’ Holdings, our platform will first try to use the quantity of the stock from your demat holdings and only then would search within your ‘T1' Holdings per the risk management rules at Upstox.