Settlement Holiday on 18-Sep-2024

18-Sep-2024 is a Settlement Holiday due to Eid-e-Milad. The Currency Segment will be closed for trading on this day. However, other segments are open for Trading.

What this means for you:

You can place your Trades as usual, except the stock purchased on 17-Sep-2024 will not be allowed to be sold on 18-Sep-2024. The settlement of funds/securities will be processed as detailed in the table below:

Segment

Trade placed on

Date of Settlement

Equity

17-Sep-2024 and 18-Sep-2024

19-Sep-2024

Derivatives (F&O)

17-Sep-2024 and 18-Sep-2024

19-Sep-2024

Note: Stock purchased on 17-Sep-2024 will not be allowed to be sold on 18-Sep-2024. This change is only for double payin/payout of stock due to the settlement holiday on 18-Sep-2024, and is not a regular change.

Your credit balance for 18-Sep will not include the following:

Segment

Account Balance Exclusions

Equity

Intraday Profits made on 17-Sep-2024 and 18-Sep-2024.

Derivatives (Equity F&O, Currency & Commodity)

Credits made from trades done on 17-Sep-2024 and 18-Sep-2024.

Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.

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