Clearing & Settlement holidays

Settlement holidays occur when stock markets are operational, but the standard T+1 cycle for trade settlement is interrupted.

Clearing & Settlement Holidays 2025

Sr. No	Holidays	Date	Day
1	Chhatrapati Shivaji Maharaj Jayanti	19 Feb, 2025	Wednesday
2	Mahashivratri	26 Feb, 2025	Wednesday
3	Holi	14 Mar, 2025	Friday
4	Ramzan-Id (Id-Ul-Fitr)	31 Mar, 2025	Monday
5	Annual Bank Closing	01 Apr, 2025	Tuesday
6	Mahavir Jayanti	10 Apr, 2025	Thursday
7	Dr. Babasaheb Ambedkar Jayanti	14 Apr, 2025	Monday
8	Good Friday	18 Apr, 2025	Friday
9	Maharashtra Day	01 May, 2025	Thursday
10	Buddha Pournima	12 May, 2025	Monday
11	Independence Day/ Parsi New Year	15 Aug, 2025	Friday
12	Ganesh Chaturthi	27 Aug, 2025	Wednesday
13	Id-E-Milad	05 Sep, 2025	Friday
14	Mahatma Gandhi Jayanti/ Dussera	02 Oct, 2025	Thursday
15	Diwali Laxmi Pujan	21 Oct, 2025	Tuesday
16	Diwali (Bali Pratipada)	22 Oct, 2025	Wednesday
17	Guru Nanak Jayanti	05 Nov, 2025	Wednesday
18	Christmas	25 Dec, 2025	Thursday

You can check the circulars here (NSE, BSE, MCX)

Muhurat Trading will be conducted on Tuesday, October 21, 2025, Diwali* Laxmi Pujan. Timing for Muhurat Trading will be notified by the exchange subsequently.

What is a Settlement Holiday?

A settlement holiday is a day when the stock exchanges are open for trading, but the normal process of settling trades is halted. On such days, trades executed are not settled on the usual T+1 (Trade plus one day) or T+2 (Trade plus two days) cycle.

This means that the actual transfer of securities and funds between the buyer and seller is postponed to the next working day when the settlement process resumes. Settlement holidays are observed on major public holidays and other significant events when the clearinghouse is closed.

It is crucial for traders and investors to be aware of these holidays to manage their portfolios and transaction expectations effectively, as they can impact the liquidity and availability of funds.

*This holiday list applies to Equity Segment, Equity Derivative Segment and SLB Segment.

Frequently Asked Questions

What are clearing holidays in NSE?

Clearing holidays in NSE are days when the clearinghouse does not process any settlements or clear trades, even though trading might still occur on the exchange.

Can we trade on clearing holidays?

Yes, trading can occur on clearing holidays, but the settlement of those trades will be postponed to the next working day when the clearinghouse is operational.

What are clearing holidays?

Clearing holidays are specific days when the clearing operations of stock exchanges are paused, meaning no settlements of trades occur on these days.

Why are clearing holidays important?

Clearing holidays are important because they affect the settlement cycle, which impacts the transfer of securities and funds. Knowing these dates helps traders and investors plan their transactions better.

Do all stock exchanges observe the same clearing holidays?

Not necessarily. Different stock exchanges might observe different clearing holidays based on regional and national holidays relevant to their location.

How do clearing holidays impact my trading strategy?

Clearing holidays can delay the settlement of trades, which might affect your liquidity and ability to make timely transactions. Being aware of these holidays helps in planning your trades more effectively.