Are Stock Markets (NSE, BSE) and Banks Open Today on Feb 19 for Shivaji Jayanti?

The Indian stock markets, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will remain open on February 19, 2025, despite it being Chhatrapati Shivaji Maharaj Jayanti.

However, while trading in equities, derivatives, and securities lending and borrowing (SLB) will continue as usual, the clearing and settlement of stocks and funds will remain closed for the day.

BSE has also declared February 19 as a non-business day for debt and liquid mutual funds. This means that any transactions related to these funds placed on February 19 will be processed on February 20. Investors should be aware that while they can trade on this day, their settlements will be delayed by a day due to the settlement holiday. Click here for NSE Holidays in 2025.

Why is February 19 a Settlement Holiday?

A settlement holiday occurs when stock market trading is open, but the clearing and settlement of transactions are halted due to the closure of banks or depositories (NSDL and CDSL). Since banks in Maharashtra will remain closed on Chhatrapati Shivaji Maharaj Jayanti, settlement processes will resume on the next working day, February 20.

What Investors Should Know for February 18-19 Trades?

• Buying shares: Stocks purchased on February 18 and 19 will be reflected in demat accounts on February 20.
• Selling shares: Funds from stock sales made on these days will be credited only on February 20.
• Intraday profits: Any intraday gains from February 18 will not be available in the account balance on February 19.
• BTST (Buy Today, Sell Tomorrow) restrictions: Shares bought on February 18 cannot be sold on February 19 as the settlement will occur on February 20.

Bank Holiday on February 19

State-run and private banks in Maharashtra will be closed on February 19, 2025, in observance of Chhatrapati Shivaji Maharaj Jayanti. The holiday is recognised under the Reserve Bank of India’s (RBI) Holiday Negotiable Instruments Act. However, you can contact your bank to confirm.

However, banks in other states are expected to function as usual. Customers in Maharashtra should plan their banking transactions accordingly, as services like cheque clearances and fund transfers might be impacted. Online banking and ATM services will remain operational.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.