T+1 settlement date calculator
The day your shares or your money arrive after a trade.
Indicative calendar result — not broker confirmation
A trade on Mon, 5 Oct, 2026 settles on Tue, 6 Oct, 2026 under T+1.
A trade on Mon, 5 Oct, 2026 settles on Tue, 6 Oct, 2026 under T+1, with 0 day(s) skipped in between.
When this trade settles
- Trade date · Monday2026-10-05
- Settlement cycleT+1
- Days skipped · no day was skipped0
- Settlement date · Tuesday2026-10-06
Trading holidays: NSE/CMTR/71775 (12 Dec 2025), checked Mon, 7 Sept, 2026. Settlement holidays: NCL/CMPT/71904 (22 Dec 2025), checked Fri, 25 Sept, 2026.
T+1 counts settlement days only. Weekends, exchange holidays and settlement holidays do not count. This is an indicative settlement date. Your broker's withdrawable balance and your bank transfer are separate steps.
Calendar as at NSE/CMTR/71775 (12 Dec 2025), NCL/CMPT/71904 (22 Dec 2025)
Trade date to T+1 settlement · Oct 2026
All 2 days from the trade date to settlement are shown. No day in between was skipped. The two solid cells are the endpoints. Every day is written out below.
Show every day from trade to settlement
| Date | Day | Status |
|---|---|---|
| Mon, 5 Oct, 2026 | Monday | Trade date (T): Monday — trading day |
| Tue, 6 Oct, 2026 | Tuesday | T+1 settlement date: Tuesday — trading and settlement day |
Each file lists the source and the check date for every rate. The CSV comes as two files, the figures and their sources.
The link carries only these inputs. Saved inputs stay in this browser only, and are off until you turn them on.
Try one change
Each button changes exactly one input and says what that did to the headline figure. Reset undoes it.
Find the settlement date for a supported NSE T+1 cash-equity trade. Enter the date the trade was executed. The result uses the applicable clearing schedule, including settlement holidays and published exceptions. It is not simply tomorrow or the next day that trading is open.
The result is an indicative exchange/clearing settlement date. Your broker's withdrawable balance and the time a transfer reaches your bank are separate steps.
What this calculator does and does not do
What this calculator does
- Counts forward from a trade date to the indicative settlement day. It skips weekends, exchange holidays and settlement holidays.
- Applies any published settlement exception for that date rather than assuming the ordinary cycle.
- Refuses a year whose holiday lists have not been checked. It does not guess a date from a pattern.
What it does not do
- Confirm when money or shares actually reach your account. That is your broker's and your depository's timing. It can be later.
- Cover same-day settlement, other segments, or physical delivery in derivatives.
- Know about a settlement holiday announced after the calendar this site last read. The date of that check is printed on the page.
Show the method and assumptions
The method
- Settlement date = the trade date plus one settlement day for T+1.
- Weekends, exchange holidays and settlement holidays do not count.
- A published exception to the calendar comes first.
- The tool always uses the cycle in force on the trade date. The older T+2 cycle ended in January 2023.
What it assumes
- The date is indicative, from the published exchange and clearing calendars.
- A year whose holiday lists are not checked shows no date.
Sources, effective dates and exclusions
- Calculated on
- today
Holidays and the settlement cycle follow the trade date you pick.
Source: NSE trading-holiday and special-session circulars
- Rules in force from
- 27 Jan 2023
- Source published
- 12 Dec 2025
- Last reviewed
- 7 Sep 2026
Source: NSE Clearing Capital Market circulars (settlement holidays and monthly settlement calendars)
- Rules in force from
- not listed
- Source published
- 12 Jan 2026
- Last reviewed
- 25 Sep 2026
Not included
- When your broker credits the shares or the money.
What could change this?
- The trade date. Settlement is counted in settlement days. A Friday, or a day before any kind of holiday, gives a longer gap.
- The published lists. A holiday or exception added after this page was last checked is missing until it is re-checked.
- The cycle. T+1 is the cash-market cycle in force. Derivatives and special settlements follow their own schedules.
- Your broker's processing. Exchange settlement, ledger credit and bank credit are separate steps. This page gives the first only.
What the calculator's answer tells you
The result lists the trade date first. Then comes every day that did not count, each with its reason. Then comes the . Last come the sources and the date they were checked.
"Unavailable" does not mean the trade settles with no delay. It only means the answer could not be checked. A confident answer that rests on missing facts would be worse than none.
How T+1 settlement is counted
"T" is the trade date. Under the settlement date is the next settlement day. Saturdays, Sundays and exchange holidays do not count. Settlement holidays do not count either. On a few of them the market still trades, but nothing settles. NSE Clearing publishes that list each year, and can change it by a later circular. Some dates also carry a specific clearing exception. Where one is published, the tool uses it instead of the counting rule. It also shows the reference.
The count begins at "T", the date a trade happened. A trade is not the same event as an order. Six stages sit between pressing the button and a holding that has settled. A request for 100 shares can end up as a trade in 75 of them. How a share order reaches the exchange walks all six. That is the half of the timeline this calculator does not count.
The counting rule, step by step
Step 1. Start at T
T is the trade date itself. It has to be a day the exchange traded. A day the exchange did not trade is refused rather than rolled. A special weekend session is a valid trade date, but never a settlement day.
Step 2. Count settlement days only
Saturdays, Sundays and exchange holidays do not count. Settlement holidays do not count either. On some of them the market still trades, but clearing is shut.
Step 3. A published exception wins
The clearing corporation sometimes publishes a specific settlement date for a trade date. Where it has, that date is used instead of the rolling rule. The circular reference is shown beside it.
Where this appears in NISM Series VIII
The settlement mechanism, clearing members and interoperability are covered in Unit VII of the NISM-Series-VIII: Equity Derivatives curriculum. That unit is Introduction to Clearing and Settlement System. It also covers risk management, SPAN margining and mark-to-market. This tool applies the same day-count logic to the NSE cash market. That turns the rule into a date you can check. See the NISM Series VIII syllabus and exam format.
A worked example: a trading day is not always a settlement day
Under T+1 a cash-market trade settles one settlement day after the trade. That one word does most of the work:
- Trade on a Thursday and it settles on the Friday. One settlement day, one calendar day.
- Trade on a Friday and it does not settle on Saturday. The count skips both weekend days and lands on Monday. That is still one settlement day, but three calendar days later.
- Now make that Monday a settlement holiday. The market trades on Monday, but clearing is shut. The same trade settles on Tuesday.
Written out day by day, that last case is a count. The trade date is T. Every later day either counts or is skipped, and each skip has a reason:
| Day | Market trading? | Settlement day? | Count |
|---|---|---|---|
| Friday | Yes | The trade itself | T |
| Saturday | No | No — weekend | Skipped |
| Sunday | No | No — weekend | Skipped |
| Monday | Yes | No — a settlement holiday in this example | Skipped |
| Tuesday | Yes | Yes | T+1 |
Four calendar days passed and only one settlement day was counted. A count of trading days alone would stop on Monday. That is the wrong answer here. Monday is open for trading, but nothing settles on it.
This happens in real years too. Thu, 19 Feb, 2026 was a settlement holiday, Chhatrapati Shivaji Maharaj Jayanti, while the market traded. A trade on Wed, 18 Feb, 2026 settled on Fri, 20 Feb, 2026. NSE Clearing set that out in NCL/CMPT/72843.
Weekends are part of the rule, so there is nothing to look up. Holidays are dates somebody declared. The exchange publishes its trading holidays. NSE Clearing publishes its settlement holidays, which include bank holidays. Both lists change every year.
That is why this tool reads both published lists rather than adding a number to a date. Where a list has not been checked for a year, the answer is a refusal rather than a guess.
Common mistakes
- Reading the indicative date as the day funds or shares will show in your account. It is the calendar's answer for the exchange cycle. Your broker's cut-offs and the depository's processing sit on top of it.
- Counting calendar days, or trading days, instead of settlement days. A weekend, a holiday or a settlement holiday pushes the date on. The day strip shows which days were skipped and why.
- Assuming a closed trade date settles on the next open day. If the exchange was shut on the date you entered, there was no trade to settle. The calculator refuses rather than guessing.
Settlement FAQ
When will my shares and funds settle after a trade on NSE?
Equity delivery trades in the Indian cash market settle on a T+1 basis. That is the next settlement day after the trade date (T). Weekends, exchange holidays and settlement holidays do not count. Your broker's own processing can add time before shares or money show in your account.
What is T+1 settlement in the Indian stock market?
T+1 means trade date plus one settlement day. Shares are delivered and funds are paid one settlement day after the trade. NSE and BSE completed the phased transition of the cash segment to a T+1 rolling settlement cycle in January 2023. The older two-day cycle no longer applies, so the calculator gives no date for it.
What happens to settlement when there is a market holiday or weekend?
Settlement counts settlement days, not calendar days. Weekends and exchange holidays are skipped. Settlement holidays are skipped too. On a few of them the market still trades, but clearing is shut. A trade on a Friday, or before any such day, settles on the next settlement day. NSE Clearing publishes that calendar.
Can the market be open on a day with no settlement?
Yes. NSE Clearing publishes its settlement holidays each year, and can change them by a later circular. On a few of them the exchange still trades, often because banks are shut. A trade the day before settles after that holiday, not on it.
Is settlement the same for intraday trades?
Not in the same way. Buying and selling the same share on one day can cancel out its delivery. But the money side still settles. Charges, and any profit or loss, pass through your broker. Your contract note shows each amount.
What is the difference between trade date and settlement date?
The trade date (T) is when the order is executed on the exchange. The settlement date is when shares and money change hands through the clearing corporation. In the NSE cash segment that is T+1, counted in settlement days. The two differ because clearing happens after the trade is matched.
Does T+1 settlement apply to F&O the same way as cash equities?
No. T+1 is the rolling settlement cycle for the NSE cash (delivery) segment. F&O contracts have their own daily mark-to-market and final settlement rules. This calculator counts the cash-market cycle only.
I sold shares on a Friday. When do they settle?
With T+1 settlement, the weekend does not count, so the settlement days are counted from Monday. A holiday or a settlement holiday on the way pushes the date further. Enter the Friday as the trade date to see the exact day.
When do I get the money after selling shares?
The exchange settles the sale on the settlement date worked out here. Your broker then adds the money to your balance with them. Moving it to your bank is a separate step. Its timing is set by your broker, so it is not shown here.
Why did the calculator refuse my trade date?
The exchange did not trade that day, because of a weekend or a holiday. A closed day has no trade to settle. The calculator does not guess the next open day. It says plainly that the date has no settlement. On a day with a scheduled but untimed session, it says that instead.
Related tools & references
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Last checked on 7 September 2026.
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