Revision in NIFTY BANK (BANKNIFTY) Expiry Futures and Options Contract Cycle
Members are hereby advised to note the following revision which shall be
implemented for trading in BANKNIFTY contracts. Below are the changes in the expiry day of derivatives contract on BANKNIFTY:
|Expiry Day||Current Expiry Day||Revised Expiry Day|
|Weekly Contracts||Thursday of every week excluding the expiry week of monthly contracts.||1. All existing weekly contracts shall expire on Friday of every week.|
2. If Friday is a trading holiday , then the expiry day is the previous trading day.
|Monthly & Quarterly Contracts||Last Thursday of the expiry month||1. All monthly contracts shall expire on the last Friday of the respective contract month.|
2. If Friday is a trading holiday, then the expiry day is the previous trading day.
contracts with Thursday expiry will be revised to Friday on July 6, 2023 EOD.
For other important instructions, please refer to the NSE Circular.