Finshots Daily What happened to all the T+0 excitement?
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Nov 7, 2025 Discover why SEBI has postponed the T+0 settlement deadline for stockbrokers. Learn about the differences between T+0 and T+1 settlements and the limited impact T+0 might have on market efficiency. Active traders could benefit, but long-term investors may not see much change. Uncover the operational challenges brokers face and how potential increased costs could hinder investor participation. Despite the hurdles, T+0 may still have a future—find out what lies ahead!
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What T+0 Promised
- T+0 aims to settle trades the same day by 4:30pm instead of next day under T+1.
- SEBI expanded pilots from 25 stocks in March 2024 to phased additions but then delayed full rollout repeatedly.
Early Gains Didn't Last
- An EPW study found initial excitement for T+0 faded and there was no lasting improvement in pricing efficiency or trading activity.
- Faster settlement did not meaningfully boost liquidity in the pilot phases studied.
Who Actually Benefits
- T+0 benefits active traders much more than long-term investors who hold for years.
- In India, about 60% plan to hold investments for at least three years, limiting T+0 demand.