Announcements

16th May 2022 is a settlement holiday on account of Buddha Purnima. Due to this, all equity trades placed on 13th and 16th May 2022 will be settled on 18th May 2022.

To help you understand what this means, we’ve simplified the details below.

What’s a settlement holiday?
Settlement holidays are when markets are open but settlement of your trades do not take place as per the usual T+2 cycle because either the depositaries (NSDL and CDSL) are closed or banks are closed on that day.

How does this holiday impact your trades?
Since the settlement date denotes the final transfer of ownership of shares and not the day you made the trade, a holiday in between causes a delay in the final transfer of shares.

What will be the impact of the Settlement Holiday on 16th May 2022?
On account of the settlement holiday on Monday, 16th May 2022 note the following impact:

1. All trades placed on 13th and 16th May 2022 in the Equity segment will be settled by 18th May 2022.
2. All trades placed on 13th May in the Derivative segment will be settled on 17th May 
3. All shares bought on 13th May will be visible under T1 holdings on 16th May but you will only be able to sell them from 17th May onwards
4. The credit bill amount for all segments on 13th May will not be available for trading or withdrawal purposes on 16th May
5. Withdrawals will not be processed on 16th May 2022 

You can also check a list of future settlement holidays here.