Description
NSE Clearing announces settlement holidays for the Currency Derivatives segment for calendar year 2026, including 19 weekday holidays and 4 weekend holidays.
Summary
NSE Clearing Limited has notified the settlement holidays for the Currency Derivatives Segment for calendar year 2026. The circular lists 19 holidays falling on weekdays and 4 additional holidays falling on Saturday/Sunday. This notification is issued pursuant to clause 13(2) of chapter VI of the Byelaws of NSE Clearing Limited and Regulation 3.10 of NSE Clearing Limited (Currency Derivative Segment).
Key Points
- Total of 19 settlement holidays on weekdays for Currency Derivatives segment in 2026
- 4 additional holidays falling on weekends (Saturday/Sunday)
- Circular reference: NCL/CD/71921, dated December 22, 2025
- Applies to all members of NSE Clearing Limited
- Covers major national, religious, and state-specific holidays
Regulatory Changes
No regulatory changes introduced. This is a routine annual notification of settlement holidays as per existing regulations.
Compliance Requirements
- All Currency Derivatives segment members must note the settlement holidays for operational and trading planning
- Members should adjust their settlement schedules and operations accordingly
- No trading or settlement activities on the specified holidays
Important Dates
Weekday Holidays (19 days):
- January 26, 2026 - Republic Day
- February 19, 2026 - Chhatrapati Shivaji Maharaj Jayanti
- March 03, 2026 - Holi (Second Day)
- March 19, 2026 - Gudhi Padwa
- March 26, 2026 - Ram Navami
- March 31, 2026 - Mahavir Jayanti
- April 01, 2026 - Annual Bank Closing
- April 03, 2026 - Good Friday
- April 14, 2026 - Dr. Babasaheb Ambedkar Jayanti
- May 01, 2026 - Maharashtra Din / Buddha Pournima
- May 28, 2026 - Bakri ID (Id-Uz-Zuha)
- June 26, 2026 - Muharram
- August 26, 2026 - Id-E-Milad
- September 14, 2026 - Ganesh Chaturthi
- October 02, 2026 - Mahatma Gandhi Jayanti
- October 20, 2026 - Dussehra
- November 10, 2026 - Diwali (Bali Pratipada)
- November 24, 2026 - Guru Nanak Jayanti
- December 25, 2026 - Christmas
Weekend Holidays (4 days):
- February 15, 2026 (Sunday) - Mahashivratri
- March 21, 2026 (Saturday) - Ramzan-Id (Id-Ul-Fitr)
- August 15, 2026 (Saturday) - Independence Day/Parsi New Year (Shahenshahi)
- November 08, 2026 (Sunday) - Diwali Amavasya (Laxmi Pujan)
Impact Assessment
Operational Impact: Medium - Currency derivatives traders and clearing members need to plan their settlement schedules and cash flow management around these 23 holidays throughout 2026.
Market Impact: Low - This is routine annual information that allows market participants to plan operations well in advance. No disruption expected as holidays are pre-announced.
Trading Impact: Settlement activities will be suspended on these dates, requiring participants to adjust their position management and funding arrangements accordingly. The concentration of holidays in March-April (6 holidays) and during festival season (October-November) requires particular attention for liquidity planning.
Impact Justification
Annual settlement holiday notification that impacts operational planning for currency derivatives trading but is routine administrative information published well in advance.