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 DayCurrent Expiry DayRevised Expiry Day
Weekly ContractsThursday 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 ContractsLast Thursday of the expiry month1. 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.

Important Instructions

  • Change of BANKNIFTY Futures and Options expiry day from existing THURSDAY to FRIDAY.
  • The above shall be effective from trade date July 7, 2023 Friday and accordingly, all existing
    contracts with Thursday expiry will be revised to Friday on July 6, 2023 EOD.
  • The first FRIDAY expiry will be on July 14, 2023.
  • For other important instructions, please refer to the NSE Circular.

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