Announcements

19 Feb 2024 is a settlement holiday on account of Chatrapati Shivaji Maharaj Jayanti. Markets will be  OPEN for Trading and Investing.

Keep the following impact in mind:

• 🔹 Stocks bought on 16 Feb 2024 will not be available for selling on 19 Feb 2024, but will be visible in your holdings
• 🔹 The credit bill for all segments on 16 Feb 2024 will not be available for trading or withdrawal on 19 Feb 2024.
  
• 🔹 Any fund withdrawal requests placed after 8 AM on 16 Feb will be processed on 20 Feb
  
• 🔹 Instant withdrawal will not be available on 19 Feb 2024
• 🔹 Currency segment will be closed for trading on this day

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.

All ITM Crude Option contracts on 14th February 2024 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 notify you that from 01st March, 2024 an interest of 0.05% per day will be applicable on any negative (debit) ledger balance in your Upstox account.

If you don’t have sufficient funds, we will need to liquidate any collateral available under margin pledge or CUSPA to recover such a debit balance.

Please add funds and ensure you maintain sufficient balance in your Upstox account to avoid levy of interest.

Got these questions on your mind?

→ How can I add funds to my Upstox account?

→ Why is my fund balance lesser than what I expected?   

→ FAQs related to Margin Pledge 

On Account of Republic Day, Friday, 26 January 2024 is a Trading Holiday.

Due to this, keep the following impact in mind:

🔸 Equity, Derivative and Commodities (both session) Markets will be closed on Fri, 26 Jan

🔸 Trading will resume on Mon, 29 Jan

🔸 No fund withdrawals will be processed on 26 Jan

🔸 Standard Fund Withdrawals request placed after 8 AM on 25 Jan will be processed on 29 Jan

🔸 Instant Withdrawal facility will be available on 25 Jan, read more

When a company announces a Rights Issue, they invite existing shareholders to buy more shares, usually at a discounted price. These shares are known as Rights Shares. After the Rights Issue is announced, the company credits its existing shareholders’ Demat Accounts with something called REs (Rights Entitlements). These REs are not the actual Rights Shares and need to be used to apply for the Rights Shares.

The 3 companies which have listed Rights Entitlements in January 2024 are:

NOTE: REs will exist as temporary Demat securities in your account. If they are not used to apply for Right Shares or traded, they will lapse.

How to use REs to apply for Rights Shares?
REs can be used to apply for Rights Shares in the following 3 ways:

• - Online through ASBA (Applications Supported by Blocked Amount) if your bank supports it just like you do for an IPO
• - Online through the RTA (Registrar and Transfer Agent) website - https://rights.integratedindia.in/
• - Offline by filling the Composite Application Form (CAF) received in your courier from the company’s RTA and then submitting it at a Self Certified Syndicate Banks (SCSBs) branch.

To learn more about rights, click here.