Description
NSE Clearing announces settlement holidays for the Capital Market Segment for calendar year 2026, including 19 weekday holidays and 4 weekend holidays.
Summary
NSE Clearing Limited has notified settlement holidays for the Capital Market Segment for calendar year 2026. A total of 19 weekday holidays and 4 weekend holidays have been declared pursuant to Clause 14 of Chapter VI of the Bye-Laws and Regulation 6.2 of the Capital Market Segment. This circular is addressed to all Members, Custodians, and PCMs.
Key Points
- 19 settlement holidays falling on weekdays throughout 2026
- 4 additional holidays falling on Saturday/Sunday
- Covers religious, national, and state-specific holidays
- Applicable to all Capital Market Segment participants
- Issued under NCL/CMPT/71904, Circular Ref. No: 394/2025
Regulatory Changes
No regulatory changes. This is a standard annual notification of settlement holidays as per existing bye-laws and regulations.
Compliance Requirements
All Members, Custodians, and Participating Clearing Members (PCMs) must:
- Note the settlement holiday schedule for operational planning
- Adjust settlement cycles and operational calendars accordingly
- Ensure back-office systems reflect the holiday schedule
Important Dates
Weekday Settlement Holidays 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
Weekend Holidays:
- February 15 (Sunday) - Mahashivratri
- March 21 (Saturday) - Ramzan-Id (Id-Ul-Fitr)
- August 15 (Saturday) - Independence Day/Parsi New Year (Shahenshahi)
- November 8 (Sunday) - Diwali Amavasya (Laxmi Pujan)
Impact Assessment
Operational Impact: Medium - All market participants need to plan settlement cycles, fund management, and operational resources around these holidays. The distribution throughout the year requires careful calendar management.
Market Impact: Low to Medium - Trading may continue on some of these days, but settlement activities will be suspended. Participants should plan liquidity and risk management accordingly, particularly around clustered holidays in March-April and October-November.
Planning Requirements: Market participants should update their 2026 operational calendars, coordinate with banks and custodians, and ensure adequate staffing and fund availability around holiday periods.
Impact Justification
Standard annual notification of settlement holidays affecting all market participants' operational planning but with no immediate compliance action required