Announcements

1st April 2022 is a settlement holiday on account of the new Financial Year. Due to this, all Equity trades placed on 31st March & 1st April 2022 will reflect in your account on 5th April 2022.

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 1st April 2022?
On account of the settlement holiday on 1st April 2022, note the following impact:

1. All trades placed on 31st March and 1st April in the Equity segment will be settled on Tuesday, 5th April 
2. All trades placed on 31st March in the Derivative segment will be settled on 4th April
3. All shares bought on 31st March will be visible under T1 holdings on the 1st April but you will only be able to sell them on 4th April
4. The credit bill amount for all segments on 31st March will not be available for trading or withdrawal purposes on 1st April 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.