Tomorrow 19th February 2021 is a settlement holiday on account of Chhatrapati Shivaji Maharaj Jayanti. Due to this, all Equity trades placed on 18th &...
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Tomorrow 19th February 2021 is a settlement holiday on account of Chhatrapati Shivaji Maharaj Jayanti. Due to this, all Equity trades placed on 18th & 19th February 2021 will reflect in your account on 23rd February 2021.
To help you understand what this means, we’ve simplified the details below.
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+2 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.
What will be the impact of the Settlement Holiday on 19th February 2021?
On account of the settlement holiday on 19th February 2021 kindly note the following impact on your holdings:
- All trades placed on 18th and 19th Feb in the Equity segment will be settled on Tuesday, 23rd Feb.
- All trades placed on 18th Feb in the Derivative segment will be settled on 22nd Feb
- All shares bought on 18th Feb will be visible under T1 holdings on the 19th Feb but you will only be able to sell them on 22nd Feb.
- The credit bill amount for all segments on 18th Feb will not be available for trading or withdrawal purposes on 19th Feb because this amount will be blocked for one day due to the settlement holiday.
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.
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