Revision in NIFTY BANK Expiry Futures and Options Contract Cycle

Members are hereby advised to note the following revision which shall be
implemented for trading in BANKNIFTY contracts. Below are the changes in the expiry day of derivatives contract on BANKNIFTY:

Expiry Day	Current Expiry Day	Revised Expiry Day
Weekly Contracts	Thursday of every week excluding the expiry week of monthly contracts.	1. All existing weekly contracts shall expire on Friday of every week. 2. If Friday is a trading holiday , then the expiry day is the previous trading day.
Monthly & Quarterly Contracts	Last Thursday of the expiry month	1. All monthly contracts shall expire on the last Friday of the respective contract month. 2. If Friday is a trading holiday, then the expiry day is the previous trading day.

Important Instructions

Change of BANKNIFTY Futures and Options expiry day from existing THURSDAY to FRIDAY.

The above shall be effective from trade date July 7, 2023 Friday and accordingly, all existing
contracts with Thursday expiry will be revised to Friday on July 6, 2023 EOD.

The first FRIDAY expiry will be on July 14, 2023.

For other important instructions, please refer to the NSE Circular.

Announcements