NSE has announced a revision in the expiry day of weekly Futures and Options contracts on Nifty Bank (BANKNIFTY) from Thursday to Wednesday. The changes will come into effect from September 04, 2023. The expiry day for Bank Nifty monthly F&O contracts will continue to be on Thursday.
| Expiry Day | Current Expiry | Revised Expiry Day |
|---|---|---|
| Weekly Contracts | Thursday of every week | All existing weekly contracts will expire on Wednesday of every week. If Wednesday is a trading holiday, contracts will expire on the previous trading day. |
| Monthly Contracts | Last Thursday of the expiry month | No change in expiry day. |
How does this work?
- At the end of the day on September 1, 2023, the expiry date of all existing contracts will be revised to Wednesday as mentioned above.
For example:
- If the expiry/maturity date of the existing contract maturing on September 7, 2023 (Thursday) will be preponed to September 6, 2023 (Wednesday).
The first WEDNESDAY weekly expiry will be on September 06, 2023.
All the weekly Bank Nifty F&O contracts introduced for trading on or after September 6, 2023, will be created as per the new expiry day.
Does this affect my open positions?
No, this does not have any effect on the open positions you hold. The change is only in the expiry day of the contract. All other contract specifications remain the same.
You can check the announcement from the exchange here: