For payments made to virtual bank accounts or virtual UPI handles, and settlements to the merchant's payout or current a/c, Auto Collect supports three different settlement cycles - T+1, T+0, and Instant settlements.
T+1 Settlements: Settlements will be made the next day at 08:01 AM for transactions that happen today. You will receive settlements 6 days a week except on 3 national holidays (Republic day, Independence day, and Gandhi Jayanti) and 2nd, 4th Saturday.
T+0 Settlements: Settlements will be made once everyday at 6:01 PM and the remaining balance will be settled the next morning at 08:01 AM. You will receive settlements 6 days a week except on 3 national holidays (Republic day, Independence day, and Gandhi Jayanti) and 2nd, 4th Saturday.
Instant Settlements: Settlements will be made every 30 minutes from 8:15 AM to 6:15 PM. You will receive settlements 6 days a week except on 3 national holidays (Republic day, Independence day, and Gandhi Jayanti) and 2nd, 4th Saturday.
365 Days Settlements: Settlements will be made once every 30 minutes from 8:15 AM to 6:15 PM directly to the merchant's bank account every day of the year irrespective of bank holidays (this includes weekends and national holidays).
