Settlement Holiday on 19-Feb-2024
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Settlement Holiday on 19-Feb-2024
19-Feb-24 is a Settlement Holiday due to Chhratrapati Shivaji Maharaj Jayanti. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
You can place your Trades as usual except the stock purchased on 16-Feb-24 will not be allowed to be sold on 19-Feb-24. The settlement of funds/securities will be processed as detailed in the table below:
Segment Trade placed on Date of Settlement
Equity 16-Feb 20-Feb
Derivatives (F&O) 16-Feb 20-Feb
Note: Stock purchased on 16-Feb-24 will not be allowed to be sold on 19-Feb-24. This change is only for double payin/payout of stock due to the settlement holiday on 19-Feb, and is not a regular change.
Your credit balance for 19-Feb will not include the following:
Segment Account Balance Exclusions
Equity Intraday Profits made on 16-Feb
Derivatives (Equity F&O, Currency & Commodity)\u0009Credits Made From Trades Done On 16-Feb
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.
