India’s Securities and Exchange Board (SEBI) is launching a beta version of the T+0 settlement cycle from March 28, allowing same-day settlement of trades, unlike the current T+1 system. Initially involving 25 stocks and limited brokers, details on included stocks are pending. The system will operate between 09:15 am and 01:45 pm. SEBI sees this as a step towards cost efficiency, transparency, and risk management enhancement. Operational guidelines and FAQs will be provided by Market Infrastructure Institutions (MIIs). Surveillance measures for T+1 will apply, with trading hours from 09:15 AM to 1:30 PM.