Announcements

22nd March 2023 is a settlement holiday on account of Gudi Padwa. Due to this, all Equity Delivery orders placed on 21st March and 22nd March 2023 will reflect in your Demat account on Thursday 23rd March 2023.

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+1 cycle because either the depositaries (NSDL and CDSL) 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 22nd March 2023?
On account of the settlement holiday on 22nd March 2023 kindly note the following impact on your holdings:

• - All trades placed on 21st and 22nd March in the Equity and Derivative segment will be settled on Thursday, 23rd March
• - All shares bought on 21st March will be visible under T1 holdings on 22nd March but you will only be able to sell them on 23rd March
• - The credit bill amount for all segments on 21st March will not be available for trading or withdrawal purposes on 22nd March 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:

Settlement Holidays 2023

If you have any queries, you can raise a ticket on the Upstox Mobile or Desktop app.

Happy Trading,
Team Upstox