Announcements

16 Sep 2024 is a settlement holiday on account of Eid-e-Milad. Markets will be OPEN for trading and investing.

Keep in mind:

• - Stocks bought on 13 Sep 2024 will not be available for selling on 16 Sep 2024 but will be visible in your holdings
• - The credit bill for all segments on 13 Sep 2024 will not be available for trading or withdrawal on 16 Sep 2024
• - Any fund withdrawal requests placed after 8 AM on 13 Sep will be processed on 17 Sep 2024
• - Instant Withdrawal will be available on Friday, 13 Sep from 10 AM to 6 PM

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.

Happy Trading,
Team Upstox.

NSE has made it compulsory for all brokers to discontinue sharing brokerage commissions with individuals who aren’t registered as Authorised Persons (AP). 

What does this mean for you

• - Referral rewards: You can still earn rewards for referring friends to Upstox
• - Brokerage commissions: You won't be eligible to receive brokerage commissions for referred friends from 23 August 2024

What about past commissions?
Any brokerage commissions earned from 17 July to 23 August will be credited to your account, and you can withdraw them anytime.

Interested in earning commissions

• - To continue earning brokerage commissions, you’ll need to sign up as an Authorised Person (AP) here: Upstox AP Registration. To learn more about an AP, click here NSE's AP Information.
• - For further information on NSE’s latest mandate, click here.  Thank you for your understanding and continued support.

We would like to inform you that around 1000 scrips have been disapproved by the Exchange from their list of ‘Approved Securities for Margin Pledge’ based on the circular issued on 8th July 2024.

As per the circular, these scrips will now attract a minimum of 60% haircut starting from 1 September 2024. Earlier the haircut was changed to 40% starting from 1 August 2024.

If any of these scrips are already pledged with us, they will attract a higher haircut starting 30 August 2024. Which means, you will need to have additional funds to keep your positions intact.

In case there are any margin shortfalls, your positions will be squared off on or after 2 September 2024 to comply with the margin requirements.

The list of these 1000 scrips and the circular are attached for your reference.

We advise you to review your portfolio and make necessary adjustments to avoid any inconvenience.

Thank you for your understanding and cooperation.

List of scrips removed: Click here 
Circular: Click here

Please note, the following securities will be removed from SEBI’s ‘Approved Securities for Margin Pledge list’.

As a result, you will not receive margins for F&O trading against these scrips starting Tuesday, 27 August 2024:

NOTE: If you have pledged any of the above, after 27 August 2024, you will not receive margins pledge benefit and you will be required to fulfil the full margin requirement. If you’re unable to pay, we will have to automatically square off your positions to recover the amount by 2 Sep 2024.

We have attached a list of these stocks for your reference.

Please review your portfolio and make necessary adjustments to avoid any inconvenience. Thank you for your understanding and cooperation.

All ITM Natural Gas Option contracts on 23rd August 2024 will be converted into Future contracts.

To avoid square-off, please maintain sufficient margin before 10.00 PM today.