NEW DELHI: Banks across the country, barring Meghalaya and Mizoram, are closed for business as the lenders will devote the day to close the accounts for fiscal 2021. This could also impact how you trade in the market.
April 1, 2021, is a settlement holiday on account of annual bank closing. A settlement holiday is the day when trading is possible, but clearing and settlements are closed for payin and payout of stocks and funds.
“Your account balance will not include the following credits on April 1, 2021: Intraday profits made in the equity segment on March 30-31. Credits from trades made in equity F&O, currency, and commodity derivatives on March 31. This will include options premium credits, futures M2M profits, etc,” Zerodha said in a note.
Due to the same reason, the currency derivative market also remained closed for trading.
Banks and all markets will also be closed on Friday on the occasion of Good Friday. Banks will resume their operations on Saturday.
April 1, 2021, is a settlement holiday on account of annual bank closing. A settlement holiday is the day when trading is possible, but clearing and settlements are closed for payin and payout of stocks and funds.
“Your account balance will not include the following credits on April 1, 2021: Intraday profits made in the equity segment on March 30-31. Credits from trades made in equity F&O, currency, and commodity derivatives on March 31. This will include options premium credits, futures M2M profits, etc,” Zerodha said in a note.
Due to the same reason, the currency derivative market also remained closed for trading.
Banks and all markets will also be closed on Friday on the occasion of Good Friday. Banks will resume their operations on Saturday.
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