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Pay in and payout

Payin and Payouts are the days when brokers and exchanges make payment or delivery of the securities.

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What is Payin?

When investors sell their shares, the broker collects the specific shares from their Demat account. Then, these shares are transferred to the exchange and clearing board. This process is called pay in.

What is Payout?

When investors buy the shares, the clearing member transfers these shares to the broker who then transfers these shares to the demat account. This process is called payout.

The whole settlement cycle takes T+2 days ( 2 working days excluding the day of trading) for settlement.

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