UPSTOX LATEST ANNOUNCEMENTS AND UPDATES 11/12/2020

 

Important update on sell amounts from your holdings

 

Effective 1st December 2020, the SEBI regulation regarding peak margins has changed the way sell amounts get credited from your Demat or T1 holdings. Here’s how it impacts you.
Selling a share from your Demat holdings

 

·         80% of the sell amount is available for trading on the same day

·         The remaining 20% will be available for trading from T+1 day onwards

·         100% of the sell amount will be available for withdrawal from T+2 days onwards

Selling a share from your T1 holdings

 

·         No Funds from the sell transaction will be available for trading on the same day

·         100% of the total sell amount will be available for trading only from T + 1 day onwards

·         100% of the total sell amount will be available for withdrawal from T + 2 days onwards

 

Here’s an example: 

Demat holdings
Sell Date 9th December 2020
On 9th Dec (same day- T day)	80% of the total sell amount is available for trading only
On 10th Dec ( T+1 day)	100% of the total sell amount is available for trading only
On 11th Dec ( T+2 day)	100% of the total sell amount is available for trading and withdrawal

 

T1 holdings
Sell Date 9th December 2020
On 9th Dec (same day- T day)	No amount is available
On 10th Dec ( T+1 day)	100% of the total sell amount is available for trading only
On 11th Dec ( T+2 day)	100% of the total sell amount is available for trading and withdrawal

Please note: In case there is a bank or trading holiday between the date of selling to T+2 day, the settlement period will be extended accordingly. 

 

A quick recap on what are T1 holdings

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 on the Upstox web and mobile app.  This signifies that as of now, the stock has not yet been successfully credited to your Demat account. 
 

 

CLICK HERE TO START TRADING WITH UPSTOX

 

Team Upstox

Authorised Partner