Announcements

19th October 2021 is a settlement holiday on account of Eid-e-Milad. Due to this, all Equity trades placed on 18th and 19th October 2021 will be settled by 21st October 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 October 2021?
On account of the settlement holiday on Tuesday, 19th October 2021 note the following impact:

1. All trades placed on 18th and 19th October 2021 in the Equity segment will be settled by 21st October 2021.
2. All trades placed on 18th October in the Derivative segment will be settled on 20th October
3. All shares bought on 18th October will be visible under T1 holdings on 19th October but you will only be able to sell them on 20th October
4. The credit bill amount for all segments on 18th October will not be available for trading or withdrawal purposes on 19th October 

Note: The credit bill for Equity segments on 14th October 2021 will also not be available for trading or withdrawal purposes on 19th October because 15th October 2021 was a trading holiday and 19th October 2021 is a settlement holiday.

You can also check a list of future settlement holidays here.