29th September 2023 settlement holiday impact 👇
Revised date for Id-e-Milad settlement holiday
29th Sept 2023 is a settlement holiday on account of Id-e-Milad. Markets will be OPEN for Trading and Investing.
Keep the following impact in mind:
- 🔸 Stocks bought on 28th Sept will not be available for selling on 29th Sept, but will be visible in your holdings
- 🔸 The credit bill for all segments on  28th Sept will not be available for trading or withdrawal on 29th Sept.
- 🔸 Any fund withdrawal requests placed after 8 AM on 28th Sept will be processed on 3rd Oct.
- 🔸 You can place an Instant withdrawal request between 10 AM to 6 PM on 28th Sept to get your funds within 15 minutes.
- 🔸 To know more, read: How can I withdraw funds from my Upstox account?Â
Read more:
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+1 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.
You can also check a list of future settlement holidays here:
If you have any queries, you can raise a ticket on the Upstox Pro Mobile or Desktop app.Â