Description

NSE Clearing Limited notifies settlement holidays for Securities Lending and Borrowing Scheme (SLBS) for the calendar year 2026, listing 19 settlement holidays on weekdays and 4 additional holidays falling on weekends.

Summary

NSE Clearing Limited has announced the settlement holidays for the Securities Lending and Borrowing Scheme (SLBS) for the calendar year 2026. The circular lists 19 settlement holidays falling on weekdays and 4 additional holidays that fall on Saturday/Sunday. This notification enables members, custodians, and PCMs to plan their settlement activities in advance.

Key Points

  • Total of 19 settlement holidays on weekdays for SLBS in 2026
  • 4 additional holidays falling on weekends (Saturday/Sunday)
  • Holidays include national, religious, and regional festivals
  • Applicable to all Members, Custodians, and PCMs participating in SLBS
  • Circular reference number: 138/2025, NCL/CMPT/71913

Settlement Holidays - Weekdays (2026)

  • January 26 (Monday) - Republic Day
  • February 19 (Thursday) - Chhatrapati Shivaji Maharaj Jayanti
  • March 3 (Tuesday) - Holi (Second Day)
  • March 19 (Thursday) - Gudhi Padwa
  • March 26 (Thursday) - Ram Navami
  • March 31 (Tuesday) - Mahavir Jayanti
  • April 1 (Wednesday) - Annual Bank Closing
  • April 3 (Friday) - Good Friday
  • April 14 (Tuesday) - Dr. Babasaheb Ambedkar Jayanti
  • May 1 (Friday) - Maharashtra Din / Buddha Pournima
  • May 28 (Thursday) - Bakri ID (Id-Uz-Zuha)
  • June 26 (Friday) - Moharum
  • August 26 (Wednesday) - Id-E-Milad
  • September 14 (Monday) - Ganesh Chaturthi
  • October 2 (Friday) - Mahatma Gandhi Jayanti
  • October 20 (Tuesday) - Dussehra
  • November 10 (Tuesday) - Diwali (Bali Pratipada)
  • November 24 (Tuesday) - Guru Nanak Jayanti
  • December 25 (Friday) - Christmas

Holidays Falling on Weekends

  • 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 8, 2026 (Sunday) - Diwali Amavasya (Laxmi Pujan)

Compliance Requirements

  • All SLBS participants must note these settlement holidays for 2026
  • Members, Custodians, and PCMs should plan their settlement activities accordingly
  • No SLBS settlements will occur on the notified holiday dates
  • Participants should adjust their operational calendars to account for these holidays

Important Dates

  • Effective Period: Calendar Year 2026 (January 1 to December 31, 2026)
  • Circular Issue Date: December 22, 2025
  • First Holiday: January 26, 2026 (Republic Day)
  • Last Holiday: December 25, 2026 (Christmas)

Impact Assessment

Operational Impact: Medium - The settlement holiday schedule affects all SLBS participants’ operational planning for 2026. Members need to factor in these 19 weekday holidays when planning their securities lending and borrowing activities.

Market Impact: Low to Medium - While settlements will be suspended on these dates, this is a standard annual notification. Market participants receive adequate advance notice to adjust their strategies and settlement schedules.

Planning Benefit: The early notification (end of 2025 for 2026 holidays) allows adequate time for participants to update their systems, plan resources, and communicate with clients about settlement timelines.

Contact Information

  • Telephone: 1800 266 0050 (IVR Option 2)
  • Email: securities_ops@nsccl.co.in
  • Issued by: Supriya Salian, Associate Vice President, NSE Clearing Limited

Impact Justification

Informational circular providing advance notice of settlement holidays for 2026 to enable planning. Medium impact as it affects SLBS settlement schedules for all participants throughout the year.