Description

Maharashtra Government and RBI announce change in public holiday from September 05 to September 08, 2025 for Id-E-Milad, affecting currency derivatives trading schedule.

Summary

NSE announces a change in trading holiday for September 2025. The previously declared holiday on September 05, 2025 has been cancelled, and September 08, 2025 is now declared as a public holiday under the Negotiable Instruments Act for Id-E-Milad celebration. This change affects currency derivatives trading and settlement schedules.

Key Points

  • Original trading holiday September 05, 2025 cancelled
  • New trading holiday declared for September 08, 2025
  • September 05, 2025 will now be a normal trading day with regular market timings
  • Change applies to currency derivatives segment
  • Members must download updated contract files before trading on September 05, 2025

Regulatory Changes

  • Maharashtra Government declared September 08, 2025 as public holiday under Section 25 of Negotiable Instruments Act, 1881
  • Previous holiday declaration for September 05, 2025 has been cancelled
  • RBI confirms no transactions and settlements in government securities, forex and money markets on September 08, 2025

Compliance Requirements

  • Members advised to download updated cd_contract.gz and cd_spd_contract.gz files from NSE extranet before trading on September 05, 2025
  • Files available at path: /cdsftp/cdscommon on NSE extranet
  • Settlement schedules to be communicated separately by respective clearing corporations

Important Dates

  • September 05, 2025: Normal trading day (previously declared holiday, now operational)
  • September 08, 2025: New trading holiday for Id-E-Milad
  • September 09, 2025: Settlement of outstanding transactions due on September 08 will be postponed to this date

Impact Assessment

  • Currency derivatives market will operate normally on September 05, 2025
  • All outstanding settlements due on September 08, 2025 will be postponed to September 09, 2025
  • Government securities auction settlement conducted on September 04, 2025 will settle on September 09, 2025
  • SDF and MSF facilities under LAF will be available as per revised holiday schedule
  • Minimal operational disruption as this is a holiday rescheduling rather than additional closure

Impact Justification

Holiday change affects trading operations and settlement schedules for currency derivatives segment