Announcements

All ITM Crude Oil / CRUDEOILM Option contracts on 15th Jan 2025 will be converted into Futures contracts.

To avoid square-off, ensure that you maintain sufficient margin for the Future contracts before 10.00 PM today.

We’d like to inform you about an important update in our Margin Pledge facility. Previously, you could pledge your Mutual Fund holdings to obtain collateral margin for Option Buying. However, we’re temporarily rolling back this feature.

- You will no longer be able to avail collateral margin against Mutual Funds for Option Buying

- Pledging Mutual Funds will still be allowed for Option Selling, Futures Buying and Selling and Intraday Trades

- You can continue to pledge Stocks, ETFs, and SGBs for Option Buying and Selling, Futures Buying and Selling and Intraday Trades

Any Mutual Funds currently pledged for Option Buying will cease to provide margin from 3 January 2025 onwards.

As per SEBI’s Quarterly Fund Settlement rule, please keep the following in mind -

Any funds in your Upstox account that haven't been utilised will be returned to your registered bank account by Saturday, 4 January 2025.

What you should do:
- Please check your bank statement to verify and view the returned funds
- To ensure you can trade on Monday, 6 January 2025, please add funds to your Upstox account in advance, as your account balance may be zero on that day. Know more: How can I transfer funds?
- If you're using NEFT/RTGS, please add Upstox as a beneficiary at least 24 hours in advance, ideally by Friday, 3 January. Below are the beneficiary details:

For Equity, F&O, or Currency trading:
- Bank Name: HDFC Bank
- Account Name: Upstox Securities Pvt Ltd - USCNB A/C
- Account Number: 57500001411011
- Account Type: Current Account
- IFSC Code: HDFC0000060

For Commodity trading:
- Bank: HDFC Bank
- Account Name: RKSV Commodities India Pvt.Ltd.
- Account Number: 15770340022236
- Account Type: Current Account
- IFSC Code: HDFC0000060

Due to the high volume of transactions on this day, there might be a delay in receiving your funds. Rest assured, you should receive your funds within two working days and this process won't affect your current orders, holdings, or positions.

We hope this helps you plan your trades better!

ITC Limited has declared to the Exchange the issuance and allotment of 1 equity share of ITC Hotels for every 10 equity shares of ITC Limited held by existing shareholders. The record date to determine which shareholders will be eligible for this is 6 January 2025.

Due to this corporate action, keep in mind the following impact on your F&O contracts

1. All existing contracts in the underlying ITC with expiry dates of 30 January, 27 February, and 27 March shall expire on 3 January 2025 and shall be physically settled as per the Exchange rules

2. The methodology of settlement shall be separately intimated by respective Clearing
Corporations.

3. To take physical delivery of shares for your ITC position (or to cover a short position), you need to maintain the contract's full value by the end of 2 January 2025.

4. No fresh position will be allowed under the F&O segment in ITC from 2 January 2025

5. ITC positions with insufficient fund value or stock (in case of a short position) will be squared off anytime after 10 AM on 3 January 2025 on a best-effort basis

6. Collateral Margins (Margin Pledge) on ITC will be subject to a 50% haircut value from 3 January 2025, onwards

7. All MTF positions in ITC will be either squared off or converted to delivery, based on the availability of funds post 10 AM on 3 January 2025 on a best effort basis

8. Derivatives contracts on ITC shall be introduced again (with an expiry of 30 January 2025, 27 February 2025 and 27 March 2025) from 6 January 2025 onwards

You can also refer to the circular here.

As per a recent Exchange circular, the expiry days for F&O index contracts have been revised. Starting January 2025:
- NSE index F&O contracts will expire on the last Thursday of each month.
- BSE index F&O contracts will expire on the last Tuesday of each month.

Here’s a detailed table for your reference:

Keep in mind
- There is no change in expiry day for NIFTY monthly, weekly, quarterly & half yearly F&O contracts. They will continue to expire on Thursdays.
- There will be no change in the existing SENSEX weekly F&O contracts expiring on 3 January 2025.
- New F&O BSE Index contracts placed after 1 January 2025, will have an expiry day of Tuesday

To learn more, you can refer to the: NSE circular | BSE circular