Sebi proposes concurrent presence of T+1 and T+0 settlement systems in the stock market to be replaced by an instant settlement system. A price band of plus/minus 100 basis points is proposed to prevent price distortion. Investors will have the option to choose between the settlement cycles. India will be the first country to implement such a stock trading process. Sebi seeks comments and suggestions by January 12, 2024. Sebi's push for faster settlement is driven by the high number of delivery-based trades with early pay-in.