What does 'Unsettled Credits' mean?

What does 'Unsettled Credits' mean?

This is the amount in your 'Previous Day Balance' against which shares are not yet settled. This could be due to multiple reasons, for example:

1. Booked intraday profit from the previous day.

2. Shares sold but not delivered. 
  1. If you sell a stock worth ₹1Lakh today, On the next day, you will get a margin of ₹1Lakh. However, if shares are not delivered on a T day, you will get a benefit of only ₹80K, ₹20K will be unsettled credits.
3. Adjustment for price increase in T+1 eligible holdings.
  1. If you bought a stock at ₹100, and at the end of the trading day, it closes at ₹150, on the next day, margin benefit will be given on the closing price of ₹150, but since the stock is not yet settled, the benefit will be adjusted to cost price of ₹100 via unsettled credits of ₹50.