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 unutilised funds from your Upstox account will be transferred back to your registered bank account by Friday, 7th October EOD

How will this impact you?

• - 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 October EOD
• - However, due to the large volume of transactions on Friday, 7th October 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 October
• - 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 Saturday, 8th October). 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 Dussehra, keep the following in mind:

Markets will be closed on Wednesday, 5th October 2022. Trading will resume on Thursday, 6th October 2022.

MCX will also be closed on Wednesday, 5th October 2022 for the morning session. The second session (5 PM - 11:30 PM) will take place as usual.

All fund withdrawal requests placed on Wednesday, 5th October 2022 will be processed on Thursday, 6th October 2022.

The credit bill amount for equity segments on 4th October will not be available for trading or withdrawal purposes until 6th October 2022.

The credit bill for F&O and MCX segments on 4th October will not be available for trading or withdrawal purposes until 5th October 2022.

The expiry date of the following contracts has been revised to Tuesday, 4th October 2022.
 

You can refer to the exchange circular here.

As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.

This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 8th list of stocks applicable for the T+1 settlement cycle will go live from 30th September 2022.

However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the following stocks on 30th September 2022. But you will still be able to see them under ‘T1 holdings’.

All ITM Natural Gas option contracts on 23th September 2022 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.