Announcements

Due to the merger between HDFC Limited and HDFC Bank, trading will be suspended in HDFC Limited from 13th July 2023. 

Due to this keep the following impact in mind:

• - You will not be able to trade in HDFC Limited from 13th July 2023 onwards and your HDFC Limited holdings will not be visible from 13th July 2023
• - This is done to determine existing shareholders in HDFC Limited as on 13th July 2023
• - 42 fully paid-up equity shares of HDFC Bank Ltd. shall be issued and allotted for every 25 fully paid-up equity shares held in HDFC Ltd as on record date, 13th July, 2023
• - The fractional share amount for these will be directly credited to your primary bank account as and when the trustee appointed by the company sells the shares

We hope this helped you understand the impact of the HDFC Bank merger better. You can even refer to the exchange circular here →
Amalgamation of Housing Development Finance Corporation Ltd (Scrip Code: 500010)

Happy Trading,

Team Upstox

We can't wait to share some exciting new updates in our MTF (Margin Trading Facility).

Applicable from 17th July 2023, you can now enjoy MTF Positions with lesser upfront margins! 

• - Instead of just flat 50% margin, enjoy these margins:
  
  A. For F&O Stocks = VAR + 3 times ELM
  B. For Non F&O Stocks = VAR + 5 times ELM

• - That’s not all, the overall MTF exposure will now be up to ₹50 lacs.

Keep in mind: 

• - All new positions from 17th July, 2023 will be as per the new margin requirements mentioned above. 
• - All the existing positions taken up till 17th July, 2023 wherein margin has been blocked at 50% of position value would be converted into VAR + ELM based margin on 9th August, 2023.
• - As per the process laid down by the regulators, whenever you take MTF position, you would be prompted to create a future pledge at the CDSL systems in favour of RKSV Securities India Pvt. Ltd – MTF Account. 
• - Kindly enter the OTP that you would receive to confirm the pledge by 7.00 PM on the trade day to continue the MTF position
• - All OTP non approved position(s) would be converted to normal trade and appropriate actions would be initiated.
• - Refer to our latest T&C here: Margin Trading Facility | Terms & Conditions

We hope to continue to serve you with such good news.

Due to a merger between HDFC Ltd. and HDFC Bank Ltd., the scrip ‘HDFC Limited’ will no longer be available for trading under the Equity Derivatives (F&O) segment. Keeping this in mind, please take note of the following:

-HDFC Ltd. will be delisted on 13th July 2023

-A day prior to this date i.e. on 12th July 2023 all existing HDFC Ltd. open contracts with expiry of July 2023 , August 2023 and September 2023 contracts will automatically expire and physical settlement will be applicable 

-If you wish to opt for physical settlement, please ensure you have the required funds/stock by 10th July 2023.

-If fund/stock requirement for physical settlement is not available, we will square-off existing positions after 10 AM on 12th july

-No fresh positions will be allowed from 11th July 2023, onwards.

-Collateral Margins (Margin Pledge) on HDFC Ltd. won’t be available from 7th July 2023 onwards

-Please review your positions and take necessary actions accordingly

This as per an Exchange circular no. NSE/CML/57423 on 4th July.

As per SEBI’s circular, all brokers need to settle accounts of all clients on the first Friday of every quarter i.e. October 2022, January 2023, April 2023, July 2023 and so on. If the first Friday is a trading holiday, then such settlement shall happen on the previous trading day.

What does this mean

-This will have no impact on your existing orders, holdings or positions 

-All unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 7th July 2023

-However, due to the large volume of transactions on Friday, 7th July there might be a delay from the bank in receiving your funds. Don’t worry, in this case you will receive your funds within 2 working days

What should you do

-For uninterrupted trades, keep your Upstox account funded before trading starts on Monday, 10th July 2023

-You can transfer funds from your registered bank to Upstox via NetBanking, UPI, Google Pay or NEFT/RTGS/IMPS. 

-For more detailed steps, click here: How can I transfer funds? . 

-If you’re using NEFT/RTGS make sure you add Upstox as a beneficiary 24 hours in advance (by Friday, 7th July). Beneficiary details are:

For Securities:

Bank Name - HDFC Bank

Account Name - RKSV SECURITIES INDIA PVT.LTD.

Account Number - 00600340067574

Account Type - Current Account

IFSC Code - HDFC0000060

For Commodities:

Bank Name - HDFC Bank

Account Name - RKSV COMMODITIES INDIA PVT.LTD.

Account Number - 15770340022236

Account Type - Current Account

IFSC Code - HDFC0000060

We hope this helps you plan your trades better! 

As per the Exchange circular, the lot size of BANK NIFTY is being revised from 25 to 15 and here’s what you need to know.

• - Contracts after June 2023 monthly expiry  will have revised market lot
• - The lot size of all existing BANKNIFTY long term option contracts (with expiry of over 3 months i.e Sept ‘23, Dec ‘23, Mar ‘24) shall be revised from 25 to 15 after expiry of June 2023 contracts (i.e. June 30, 2023)

What does it means for you:

If you have an open position in BANKNIFTY in Sept ‘23, Dec ‘23, Mar ‘24 expiry date, you will have to do one of the following before 30th June 2023: 

• - Convert the position into multiples of 15
• - Have position(s) in multiples of 15 - here your current 3 lots (25 x  3 = 75) will then become 5 lots (15 x 5 = 75)
• - Square off the existing position, if it is not in multiples of 15

If your remaining quantity is not in multiples of 15, you will not be able to square off your position and they will expire worthless. 

Kindly plan your trades accordingly. You can also get more details by reading the circular here: 

NSE/FAOP/56233

Looking for more information? Learn more about lot sizes and what they mean here.