Description

ICCL announces settlement holidays for calendar year 2026, including 19 weekday holidays and 4 additional holidays falling on weekends.

Summary

Indian Clearing Corporation Limited (ICCL) has notified members and custodians of settlement holidays for calendar year 2026. The circular lists 19 settlement holidays falling on weekdays and 4 additional holidays falling on Saturday/Sunday. This advance notice enables market participants to plan their settlement and operational activities for the upcoming year.

Key Points

  • Total of 19 settlement holidays on weekdays during 2026
  • 4 additional holidays falling on Saturday/Sunday (Mahashivratri, Ramzan-Id, Independence Day/Parsi New Year, Diwali Amavasya)
  • Holidays include national, religious, and regional festivals
  • Notice issued on 22 December 2025 for the entire calendar year 2026
  • Applicable to all members and custodians

Important Dates

Weekday Settlement Holidays 2026

  • 26 January 2026 (Monday) - Republic Day
  • 19 February 2026 (Thursday) - Chhatrapati Shivaji Maharaj Jayanti
  • 03 March 2026 (Tuesday) - Holi (Second Day)
  • 19 March 2026 (Thursday) - Gudi Padwa
  • 26 March 2026 (Thursday) - Ram Navami
  • 31 March 2026 (Tuesday) - Mahavir Jayanti
  • 01 April 2026 (Wednesday) - Annual Bank Closing
  • 03 April 2026 (Friday) - Good Friday
  • 14 April 2026 (Tuesday) - Dr. Babasaheb Ambedkar Jayanti
  • 01 May 2026 (Friday) - Maharashtra Din/Buddha Pournima
  • 28 May 2026 (Thursday) - Bakri ID (Id-Uz-Zuha)
  • 26 June 2026 (Friday) - Moharum
  • 26 August 2026 (Wednesday) - Id-E-Milad
  • 14 September 2026 (Monday) - Ganesh Chaturthi
  • 02 October 2026 (Friday) - Mahatma Gandhi Jayanti
  • 20 October 2026 (Tuesday) - Dussera
  • 10 November 2026 (Tuesday) - Diwali (Bali Pratipada)
  • 24 November 2026 (Tuesday) - Guru Nanak Jayanti
  • 25 December 2026 (Friday) - Christmas

Holidays Falling on Saturday/Sunday

  • 15 February 2026 (Sunday) - Mahashivratri
  • 21 March 2026 (Saturday) - Ramzan-Id (Id-Ul-Fitra)
  • 15 August 2026 (Saturday) - Independence Day/Parsi New Year (Shahenshahi)
  • 08 November 2026 (Sunday) - Diwali Amavasya (Laxmi Pujan)

Compliance Requirements

  • Members and custodians must plan settlement activities considering these holidays
  • No settlement operations will be conducted by ICCL on the specified holidays
  • Participants should adjust their operational calendars and client communications accordingly
  • Settlement cycles should be planned to accommodate these non-working days

Impact Assessment

Operational Impact: Medium - All clearing and settlement activities will be suspended on these days, requiring members to plan their operations, fund management, and client servicing around these dates.

Market Impact: Low - This is a routine annual announcement that market participants expect and plan for. The holiday schedule aligns with national and religious observances.

Planning Impact: The advance notice (issued December 2025 for entire 2026) allows sufficient time for members and custodians to update their systems, inform clients, and plan liquidity and settlement schedules effectively.

Impact Justification

Routine annual announcement of settlement holidays; affects all market participants' operational planning but not unexpected