Description

NSE announces change in settlement holiday from September 05 to September 08, 2025 following RBI notification and Maharashtra government declaration.

Summary

NSE has announced a change in settlement holiday for September 2025 following the Maharashtra government’s declaration of September 08, 2025 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881, replacing the earlier declared holiday on September 05, 2025. This affects both trading and settlement schedules in the debt segment.

Key Points

  • Original holiday on September 05, 2025 has been cancelled
  • New holiday declared on September 08, 2025 (Id-E-Milad)
  • Settlement schedules revised accordingly
  • Government securities, forex, and money markets also affected
  • Change applies to debt segment operations

Regulatory Changes

  • Trading holiday moved from September 05, 2025 to September 08, 2025
  • Settlement of transactions 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

Compliance Requirements

  • All participants and custodians must note the revised settlement schedule
  • Members and participants should adjust their operations for the new holiday schedule
  • T+0 transactions due on September 05, 2025 will continue to settle on the same day (settlement number 2509005)

Important Dates

  • September 05, 2025: Normal trading and settlement operations (no longer a holiday)
  • September 08, 2025: New trading holiday (Id-E-Milad)
  • September 09, 2025: Settlement of transactions originally due on September 08, 2025

Impact Assessment

Market Operations: Moderate impact on settlement schedules requiring operational adjustments by market participants. The change enables normal market operations on September 05, 2025 while ensuring compliance with the revised public holiday declaration.

Operational Impact: Market participants need to update their settlement calendars and ensure proper liquidity management for the revised settlement dates. No impact on transaction values or considerations.

Impact Justification

Holiday change affects settlement schedules and trading operations but is administrative in nature