Announcements

Thursday, 14th April 2022, is a trading holiday on account of  Dr. Babasaheb Ambedkar Jayanti/ Mahavir Jayanti. Friday, 15th April 2022, is also a trading holiday on account of Good Friday. As a result of these two holidays, keep the following in mind:

• Trading will be closed on 14th and 15th April 2022, and will resume on Monday, 18th April 2022.

• However, MCX will be open for trading on 14th April for the second session from 5:00 PM to 11:30 PM.

• Due to 14th and 15th April 2022, being bank holidays as well, any fund withdrawal request placed after 8:00 AM on 13th April 2022, will be processed on 16th April 2022, i.e. Saturday.

• The credit bill amount for equity segments on 13th April 2022, will not be available for trading or withdrawal purposes until 19th April 2022.

• The credit bill for F&O segments on 13th April 2022, will not be available for trading or withdrawal purposes until 18th April 2022.

• The credit bill for MCX segments on 13th April 2022, will not be available for trading or withdrawal purposes until 18th April 2022.

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Thursday, 14th April 2022, is a trading holiday on account of  Dr. Babasaheb Ambedkar Jayanti/ Mahavir Jayanti. Friday, 15th April 2022, is also a trading holiday on account of Good Friday. As a result of these two holidays, keep the following in mind:

• Trading will be closed on 14th and 15th April 2022, and will resume on Monday, 18th April 2022.
• However, MCX will be open for trading on 14th April for the second session from 5:00 PM to 11:30 PM.
• Due to 14th and 15th April 2022, being bank holidays as well, any fund withdrawal request placed after 8:00 AM on 13th April 2022 will be processed on 16th April 2022, i.e. Saturday.

The credit bill amount for all segments on 13th April will not be available for trading or withdrawal purposes until 16th April 2022.

As per SEBI’s latest circular, the deadline for discontinuing common fund wallet (pool account) for Stocks and Mutual Funds transactions has been extended from 1st April 2022 to 1st July 2022.

What does this mean?
Currently, you can invest in a Mutual Fund via funds from your Upstox account. And on redemption/sale of units the funds would be credited to your Upstox account from where you could place a withdrawal request. However, from 1st July 2022 funds for buying/selling Mutual Fund units will be deducted/credited directly from/into your registered bank account.

You can also refer to the SEBI circular.
Due to the above extension, the scheduled maintenance activity from 31st March to 1st April 2022 has now been stopped. And you can continue to place Mutual Funds orders from our platform like before.

1st April 2022 is a settlement holiday on account of the new Financial Year. Due to this, all Equity trades placed on 31st March & 1st April 2022 will reflect in your account on 5th April 2022.

To help you understand what this means, we’ve simplified the details below.

What’s a settlement holiday?
Settlement holidays are when markets are open but settlement of your trades do not take place as per the usual T+2 cycle because either the depositaries (NSDL and CDSL) are closed or banks are closed on that day.

How does this holiday impact your trades?
Since the settlement date denotes the final transfer of ownership of shares and not the day you made the trade, a holiday in between causes a delay in the final transfer of shares.

What will be the impact of the settlement holiday on 1st April 2022?
On account of the settlement holiday on 1st April 2022, note the following impact:

1. All trades placed on 31st March and 1st April in the Equity segment will be settled on Tuesday, 5th April 
2. All trades placed on 31st March in the Derivative segment will be settled on 4th April
3. All shares bought on 31st March will be visible under T1 holdings on the 1st April but you will only be able to sell them on 4th April.
4. The credit bill amount for all segments on 31st March will not be available for trading or withdrawal purposes on 1st April because this amount will be blocked for one day due to the settlement holiday.

You can also check a list of future settlement holidays here.

If you have any queries, you can raise a ticket on the Upstox Pro Mobile or Desktop app.

On account of Gudi Padwa, 2nd April 2022 is a bank holiday. Hence any withdrawal requests placed after 8:00 AM on Friday, 1st April 2022 will be processed on Monday, 4th April 2022.

To know more about our withdrawal request timings, click here