During the recent Global Fintech Fest, Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), unveiled a significant strategic shift. SEBI is actively working towards achieving a T+1 hour settlement by March 2024, followed by the audacious goal of 'instantaneous' settlement by October 2024. Importantly, these new settlement options will be presented to investors as an optional choice, offering them greater flexibility in managing their transactions.
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