Description
NSE modifies F&O settlement holidays for September 2025, adding September 8 as additional settlement holiday alongside September 5.
Summary
NSE Clearing Limited has modified the F&O settlement schedule for September 2025, adding September 8, 2025 as an additional settlement holiday alongside the previously announced September 5, 2025 holiday. This change follows RBI press release 2025-2026/1042 regarding changes in public holidays under the Negotiable Instruments Act.
Key Points
- September 5, 2025 continues to be a settlement holiday as previously announced
- September 8, 2025 is now also designated as a settlement holiday
- This is a partial modification to circular NCL/CMPT/65907 dated December 31, 2024
- Changes are based on RBI press release regarding public holiday modifications
Regulatory Changes
Modification stems from RBI press release 2025-2026/1042 regarding changes in public holidays under the Negotiable Instruments Act, requiring adjustment to previously published F&O settlement holiday calendar.
Compliance Requirements
- All NSE F&O members must note the revised settlement schedule
- Members should adjust their operational planning for the modified settlement dates
- Contact fao_clearing_ops@nsccl.co.in for queries
- Use helpline 18002660050 (IVR Option 2) for assistance
Important Dates
- September 5, 2025: Settlement holiday (confirmed)
- September 8, 2025: Additional settlement holiday (newly added)
- Trade Date September 4, 2025: Settlement remains September 8, 2025
- Trade Date September 5, 2025: Settlement remains September 9, 2025
Impact Assessment
The additional settlement holiday on September 8, 2025 will affect F&O settlement cycles and member cash flow planning. While operationally significant for participants, this represents a routine adjustment to accommodate public holiday changes and should not materially impact market functioning.
Impact Justification
Settlement schedule changes affect F&O trading operations and member planning but are routine holiday adjustments