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 2023 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 2023
| Date | Day | Holidays |
| 26-Jan-23 | Thursday | Republic Day |
| 7-Mar-23 | Tuesday | Holi |
| 22-Mar-23 | Wednesday | Gudi Padwa |
| 30-Mar-23 | Thursday | Ram Navami |
| 4-Apr-23 | Tuesday | Mahavir Jayanti |
| 7-Apr-23 | Friday | Good Friday |
| 14-Apr-23 | Friday | Dr. Babasaheb Ambedkar Jayanthi |
| 1-May-23 | Monday | Maharashtra Day |
| 5-May-23 | Friday | Buddha Pournima |
| 28-Jun-23 | Wednesday | Bakri Eid |
| 15-Aug-23 | Tuesday | Independence Day |
| 16-Aug-23 | Wednesday | Parsi New Year |
| 19-Sep-23 | Tuesday | Ganesh Chaturthi |
| 29-Sep-23 | Thursday | Eid-e-Milad |
| 2-Oct-23 | Monday | Mahatma Gandhi Jayanti |
| 24-Oct-23 | Tuesday | Dussehra |
| 14-Nov-23 | Tuesday | Diwali- Bali Pratipada |
| 27-Nov-23 | Monday | Guru Nanak Jayanti |
| 25-Dec-23 | Monday | Christmas |
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