What is a Settlement Holiday?

Settlement holiday means when stocks 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 the banks are closed on respective day.

In simple words, Settlement Holidays occurs due to bank holidays or for any other reason when the depositories are closed. A settlement holiday causes one day’s delay for your shares to get deposited in your Demat account. Hence, it adds an extra working day in settling your Demat account.

How will this impact your trades?  Take below as a example of settlement holiday

Let’s assume that, 16th August 2024 is settlement holiday, due to Parsi New Year.

  • No settlement will take place on 16th August
  • Transaction which was scheduled for settlement on 16th August will be automatically rescheduled for the next Trading Day.
  • Profit earned from Equity or Derivatives market on 14th August, will not be available for trading or withdrawal purposes on 16th August.

Clearing Holiday List for 2024

WeekdayDateHolidayExchanges
Monday22 Jan 2024Holiday declared under Negotiable Instrument ActNSE BSE
Friday26 Jan 2024Republic DayNSE BSE MCX
Friday08 Mar 2024Maha ShivaratriNSE BSE
Monday25 Mar 2024HoliNSE BSE
Friday29 Mar 2024Good FridayNSE BSE MCX
Thursday11 Apr 2024Eid-Ul-Fitr (Ramzan Eid)NSE BSE
Wednesday17 Apr 2024Ram NavamiNSE BSE
Wednesday01 May 2024Maharashtra DayNSE BSE
Monday17 Jun 2024Bakri EidNSE BSE
Wednesday17 Jul 2024MoharramNSE BSE
Thursday15 Aug 2024Independence DayNSE BSE MCX
Wednesday02 Oct 2024Mahatma Gandhi JayantiNSE BSE MCX
Friday01 Nov 2024Diwali-Laxmi Pujan*NSE BSE
Friday15 Nov 2024Gurunanak JayantiNSE BSE
Wednesday25 Dec 2024ChristmasNSE BSE MCX

Settlement Holidays List of 2024

WeekdayDateHoliday
Monday19 Feb 2024Chhatrapati Shivaji Maharaj JayantiSETTLEMENT
Monday01 Apr 2024Annual Bank closingSETTLEMENT
Tuesday09 Apr 2024Gudi PadwaSETTLEMENT
Thursday23 May 2024Buddha PournimaSETTLEMENT
Monday18 Sep 2024Eid-e-MiladSETTLEMENT

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