Announcements

Tomorrow, 26th May 2021 is a settlement holiday on account of Buddha Purnima. Due to this, all Equity Delivery orders placed on 25th May and 26th May 2021 will reflect in your Demat account on Friday 28th May 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) 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 26th May 2021?
On account of the settlement holiday on 26th May 2021 kindly note the following impact on your holdings:

1. All trades placed on 25th and 26th May in the Equity segment will be settled on Friday, 28th May 2021. 
2. All trades placed on 25th May in the Derivative segment will be settled on 27th May
3. All shares bought on 25th May will be visible under T1 holdings on the 26th May but you will only be able to sell them on 27th May.
4. The credit bill amount for all segments on 25th May will not be available for trading or withdrawal purposes on 26th May 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 Mobile or Desktop app.

Happy Trading,
Team Upstox.