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Settlement or Clearing Holidays 2025

Clearing/Settlement Holidays

What is a Settlement Holiday?

A settlement holiday is a specific day when stock markets remain open for trading, but the usual T+1 settlement cycle for trades is temporarily disrupted. This happens because depositaries like NSDL and CDSL, or banks involved in the clearing process, are closed on that day. As a result, there is a one-day delay in the settlement of trades and the crediting of shares to your Demat account.

Settlement holidays, also called clearing holidays, are distinct from regular stock market holidays. While trading may occur as usual (except in the currency segment), the clearing and settlement processes remain suspended. Each year, the exchange publishes two separate lists:

  • Trading holiday list – Days when the stock market is entirely closed.
  • Settlement holiday list – Days when trading is allowed, but settlements are deferred.

Settlement holidays often align with banking holidays, national observances, or religious festivals. In some cases, they may overlap with trading holidays. Knowing the 2025 Settlement Holiday List will help traders and investors plan their transactions efficiently and avoid unexpected delays.

NOTE: This holiday list applies to Equity Segment, Equity Derivative Segment and SLB Segment.

FAQs

What is a settlement holiday?

A settlement holiday occurs when the stock market operates but the settlement process is delayed due to the closure of banks or depositaries (NSDL and CDSL). This leads to a one-day delay in depositing shares into Demat accounts.

How are clearing and settlement holidays different?
Clearing holidays suspend trade settlement but not trading itself. Settlement holidays delay the T+1 settlement cycle due to bank or depository closures. Both lists are published separately by the stock exchange annually.

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