How long is the settlement period for US trades?

Effective 28th May 2024, US stock exchanges follow a T+1 settlement cycle for Equities, ETFs, and Options.

Settlement and delivery of stocks occur 1 business days after the order is executed.

Example: if you sell your US stocks on 29th May 2024 (US trading day), the settlement date will be 30th May 2024 (US trading day). You can then initiate a withdrawal or currency exchange instruction. If the settlement date falls on a holiday, it will be postponed accordingly.

Note - settlement will occur in local timezones also.