Description

ICCL announces 19 settlement holidays for 2026, including major festivals and national holidays.

Summary

Indian Clearing Corporation Limited (ICCL) has announced the settlement holidays for calendar year 2026. There will be 19 settlement holidays on weekdays and 4 additional holidays falling on weekends. Members and custodians are informed to plan their settlement operations accordingly.

Key Points

  • Total of 19 settlement holidays scheduled for 2026 on working days
  • 4 additional holidays fall on Saturday/Sunday: Mahashivratri (Feb 15), Ramzan-Id (Mar 21), Independence Day/Parsi New Year (Aug 15), and Diwali Amavasya (Nov 8)
  • Holidays cover major national, religious, and regional festivals
  • Notice issued by Tajindersingh Virdi, Assistant Vice President, ICCL
  • Notice Number: 20251224-1 dated December 24, 2025

Regulatory Changes

No regulatory changes. This is an informational circular announcing the settlement holiday calendar.

Compliance Requirements

  • Members and custodians must note these holidays for settlement planning
  • No settlement operations will be conducted on these dates
  • All market participants should adjust their operational calendars accordingly

Important Dates

2026 Settlement Holidays (Weekdays):

  • January 26 (Monday) - Republic Day
  • February 19 (Thursday) - Chhatrapati Shivaji Maharaj Jayanti
  • March 3 (Tuesday) - Holi (Second Day)
  • March 19 (Thursday) - Gudi Padwa
  • March 26 (Thursday) - Ram Navami
  • March 31 (Tuesday) - Mahavir Jayanti
  • April 1 (Wednesday) - Annual Bank Closing
  • April 3 (Friday) - Good Friday
  • April 14 (Tuesday) - Dr. Babasaheb Ambedkar Jayanti
  • May 1 (Friday) - Maharashtra Din/Buddha Pournima
  • May 28 (Thursday) - Bakri ID (Id-Uz-Zuha)
  • June 26 (Friday) - Moharum
  • August 26 (Wednesday) - Id-E-Milad
  • September 14 (Monday) - Ganesh Chaturthi
  • October 2 (Friday) - Mahatma Gandhi Jayanti
  • October 20 (Tuesday) - Dussera
  • November 10 (Tuesday) - Diwali (Bali Pratipada)
  • November 24 (Tuesday) - Guru Nanak Jayanti
  • December 25 (Friday) - Christmas

Holidays on Weekends:

  • February 15 (Sunday) - Mahashivratri
  • March 21 (Saturday) - Ramzan-Id
  • August 15 (Saturday) - Independence Day/Parsi New Year
  • November 8 (Sunday) - Diwali Amavasya

Impact Assessment

Operational Impact: Market participants must plan settlement cycles around these holidays. The holidays are distributed throughout the year with clusters in March-April (6 holidays) and October-November (4 holidays).

Planning Consideration: Members and custodians should adjust their cash flow planning, settlement schedules, and operational resources to account for these non-settlement days.

No Trading Impact: This circular only addresses settlement holidays for ICCL. Trading holidays may differ and should be referred to separately.

Impact Justification

Important for planning settlement operations throughout 2026, affects all market participants' operational schedules