Announcements

As per SEBI’s latest 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 means, all un-utilised funds from your Upstox account will be transferred back to your registered bank account by Thursday, 6th April EOD.

How will this impact you?

• - This will have no impact on your existing orders, holdings or positions 
• - All un-utilised funds from your Upstox account will be transferred back to your registered bank account by Thursday, 6th April EOD
• - However, due to the large volume of transactions on Thursday, 6th April 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, we recommend keeping your Upstox account funded before trading starts on Monday, 10th April 
• - 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?

KEEP IN MIND: If you’re using NEFT/RTGS make sure you add Upstox as a beneficiary 24 hours in advance (by Friday, 7th April). 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!

On account of Mahavir Jayanti, keep the following in mind:

• - Markets will be closed on Tuesday, 4th April 
• - Trading will resume on Wednesday, 5th April
• - MCX will also be closed on 4th April for the morning session. The second session (5 PM - 11:30 PM) will take place as usual.
• - All fund withdrawal requests placed on 4th April, will be processed on 5th April. The credit bill amount for equity, F&O or MCX segments on 3rd April will not be available for trading or withdrawal purposes until 4th April 2023

As per the NSE exchange circular NSE/FA/56129, please note the revised transaction charges and revised STT (securities transaction tax applied by the government) applicable from 1st April 2023 onwards.

Please note that there are no changes in pricing from Upstox. For further details on pricing, visit -https://upstox.com/pricing/ 

On account of Ram Navami, keep the following in mind:

• - Markets will be closed on Thursday, 30th March 
• - Trading will resume on Friday, 31st March 
• - MCX will also be closed on 30th March for the morning session. The second session (5 PM - 11:30 PM) will take place as usual.
• - All fund withdrawal requests placed on 30th March, will be processed on 31st March. The credit bill amount for equity, F&O or MCX segments on 29th March will not be available for trading or withdrawal purposes until 30th March 2023

All ITM Natural Gas option contracts on 24th March 2023 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.