Description
ICCL announces settlement holidays for calendar year 2026, listing 19 holidays falling on weekdays and 4 holidays falling on weekends.
Summary
The Indian Clearing Corporation Limited (ICCL) has announced the settlement holidays for the calendar year 2026. A total of 19 holidays will be observed on weekdays when settlement operations will be closed, along with 4 additional holidays that fall on weekends. This notification is issued to inform members and custodians for advance planning of settlement activities.
Key Points
- Total of 19 settlement holidays on weekdays during 2026
- 4 additional holidays falling on Saturday/Sunday
- Includes national holidays, religious festivals, and special observances
- Notice issued to members and custodians for settlement planning
- Covers both Indian national holidays and religious festivals of various communities
Settlement Holidays (Weekdays)
- Republic Day - January 26, 2026 (Monday)
- Chhatrapati Shivaji Maharaj Jayanti - February 19, 2026 (Thursday)
- Holi (Second Day) - March 3, 2026 (Tuesday)
- Gudi Padwa - March 19, 2026 (Thursday)
- Ram Navami - March 26, 2026 (Thursday)
- Mahavir Jayanti - March 31, 2026 (Tuesday)
- Annual Bank Closing - April 1, 2026 (Wednesday)
- Good Friday - April 3, 2026 (Friday)
- Dr. Babasaheb Ambedkar Jayanti - April 14, 2026 (Tuesday)
- Maharashtra Din/Buddha Pournima - May 1, 2026 (Friday)
- Bakri ID (Id-Uz-Zuha) - May 28, 2026 (Thursday)
- Moharum - June 26, 2026 (Friday)
- Id-E-Milad - August 26, 2026 (Wednesday)
- Ganesh Chaturthi - September 14, 2026 (Monday)
- Mahatma Gandhi Jayanti - October 2, 2026 (Friday)
- Dussera - October 20, 2026 (Tuesday)
- Diwali (Bali Pratipada) - November 10, 2026 (Tuesday)
- Guru Nanak Jayanti - November 24, 2026 (Tuesday)
- Christmas - December 25, 2026 (Friday)
Holidays Falling on Weekends
- Mahashivratri - February 15, 2026 (Sunday)
- Ramzan-Id (Id-Ul-Fitra) - March 21, 2026 (Saturday)
- Independence Day/Parsi New Year (Shahenshahi) - August 15, 2026 (Saturday)
- Diwali Amavasya (Laxmi Pujan) - November 8, 2026 (Sunday)
Compliance Requirements
- Members and custodians must plan settlement activities considering these holidays
- No settlement operations will be conducted on the specified weekday holidays
- Participants should adjust their operational calendars and resource planning accordingly
Important Dates
- Effective Period: January 1, 2026 to December 31, 2026
- Notice Date: December 22, 2025
- First Holiday: Republic Day (January 26, 2026)
- Last Holiday: Christmas (December 25, 2026)
Impact Assessment
Operational Impact: Market participants need to plan their settlement operations, fund management, and resource allocation around these 19 weekday holidays. The distribution of holidays throughout the year requires advance planning for liquidity management and operational continuity.
Market Impact: Standard annual holiday schedule with no unusual market disruptions expected. Participants should note the clustering of holidays in March-April (7 holidays) and October-November (4 holidays) for better planning.
Impact Justification
Essential operational information for planning settlements and trading activities throughout 2026, affects all market participants but is routine annual notification