Announcements

We’ve got an important update this week.

Thursday 1st April 2021 is a settlement holiday on account of the New Financial Year. Due to this, all Equity Delivery orders placed on 31st March & 1st April 2021 will reflect in your Demat account on Tuesday 6th April 2021.

Friday 2nd April 2021 is a trading holiday because of Good Friday. This means markets will remain closed and no trading and investing will happen on this day.

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.

What’s a trading holiday?
Trading holidays are when markets are closed and no trading or investing takes place on this day. Settlements also do not happen on this day.

What will be the impact of the settlement holiday on 1st April 2021 and trading holiday on 2nd April 2021?
On account of the holidays on 1st and 2nd April 2021 kindly note the following impact:

1. All trades placed on 31st March and 1st April in the Equity segment will be settled on Tuesday, 6th April
2. All trades placed on 31st March in the Derivative segment will be settled on 5th April
3. All shares bought on 31st March will be visible under T1 holdings on 1st  April but you will only be able to sell them on 5th April.
4. The credit bill amount for all segments on 31st March will not be available for trading or withdrawal purposes till 5th April 2021 because this amount will be blocked to the settlement holiday.
5. All fund withdrawal requests placed on 2nd April will be processed on Monday, 5th April 2021.

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

If you have any queries, you can raise a ticket on the Upstox mobile or desktop platforms.