Zerodha alerts users of ‘settlement holiday’ for Gudi Padwa, says no intraday profits to show in Kite accounts today

Linking its notice on the same via social media platform X (formerly known as Twitter), Zerodha said, “Today is a settlement holiday on account of Gudi Padwa. Any intraday profits from the equity segment and F&O credits from April 8, 2024, will not show in your Kite account balance today. These will show from April 10, 2024. The currency markets will remain closed for the day.”

Also Read | Bank Holidays in April 2024: Banks will be closed for 5 days this week. Check all details here

Here Is All You Need To Know

• As per the notice titled ‘Settlement holiday on account of Gudi Padwa on April 09, 2024’, today is a settlement holiday on account of Gudi Padwa.
• A settlement holiday is a day when trading is possible, but clearing and settlement are closed for Payin and Payout of stocks and funds.
• Your account balance will not include credits on intraday profits made in the Equity segment on April 08, 2024.
• Your account balance will not include credits from trades made in NFO, Currency, and Commodity derivatives on April 08, 2024. This will include options premium credits, futures M2M profits, etc.

Also Read | Indian stock market closed today for Gudi Padwa 2024. Details

• You can check your fund statement on the Console to see the unsettled credits in your account.
• The currency markets will remain closed for the day.
• The auction market will be closed.
• The instant withdrawal window will be closed.
• Credits for BTST (T1 sell) equity orders done on April 09, 2024, will not be included in your Kite balance on April 10, 2024.
• Profits and credits received from trades or exiting positions in the derivatives segment (F&O and CDS) on April 08, 2024, and on April 09, 2024, will be available for withdrawal on April 10, 2024, by EOD.

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Published: 09 Apr 2024, 10:51 AM IST