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What are funds that haven't been settled?

The amount of money you are supposed to get on account of profits made or stocks sold is the quantity of unsettled funds in your account. Trade settlement is not instantaneous, and exchanges use a rolling settlement cycle.

You will not be allowed to use the funds from stock sales or intraday profits to purchase additional shares. After two trading days, the funds from the sale are transferred to your trading account. Trades in the F&O segment, meanwhile, are resolved after one trading day. In addition, if T+1 is a settlement holiday, intraday F&O earnings will be accessible on the next trade settlement day.