The National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) on December 23, 2022, issued a circular regarding revision in Obligation Transfer Request (OTR) allocation timelines for Securities settling on a T+1 basis.
For T+1 settlement, OTR allocation session timings are revised till 8:00 p.m. on T day. Under the T+1 settlement cycle, investors get their money or shares delivered within 24 hours. The revised timelines will be effective from the trade date i.e. December 26, 2022.