Settlement holiday on 18 September
1 min read18 Sep 2024 is a settlement holiday on account of Eid-e-Milad. Markets will be OPEN for trading and investing.
Keep in mind:
- – Stocks bought on 17 Sep will not be available for selling on 18 Sep but will be visible in your holdings
- – The credit bill for all segments on 17 Sep will not be available for trading or withdrawal on 18 Sep
- – Any Standard Fund Withdrawal requests placed after 8 AM on 17 Sep will be processed on 19 Sep
- – Please place Instant Fund Withdrawal requests on 17 Sep, from 10 AM to 6 PM, if you wish to get funds immediately
- – The currency segment will be closed for trading on this day
Read more:
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+1 cycle because either the depositaries (NSDL and CDSL) are closed 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.
You can also check a list of future settlement holidays here.
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