Impact of Annual Bank Closing on April 1, 2025, on Mutual Fund & Capital Market Transactions
Please note that due to the annual bank closing on April 01, 2025, banks will remain non-operational. As a result, Mutual Fund and Capital Market transactions will be impacted as follows:
Mutual Fund Transactions
Transactions for other than equity schemes will be processed on April 02, 2025.
Subscription and redemption orders of equity-based schemes submitted on April 01, 2025, will be processed on the same day, subject to funds received by the Clearing Corporation & AMC.
Applicable NAV Matrix for April 01, 2025
| Transaction Type | Scheme Type | Transaction Submission Date | NAV Applicability | Demat Units Settlement / Fund Payout |
|---|---|---|---|---|
| Purchase/SIP/SWI/STP | Equity | Mar 28, 2025 (After cutoff) to April 01, 2025 (Before cutoff) | April 01, 2025 | April 02, 2025 |
| Purchase/SIP/SWI/STP | Liquid | Mar 28, 2025 (After cutoff) to April 01, 2025 (Before cutoff) | April 01, 2025 | April 02, 2025 |
| Purchase/SIP/SWI/STP | Other than Equity & Liquid | Mar 28, 2025 (After cutoff) to April 01, 2025 (Before cutoff) | April 02, 2025 | April 02, 2025 |
| Redemption/SWI/STP/SWP | Equity | Mar 28, 2025 (After cutoff) to April 01, 2025 (Before cutoff) | April 01, 2025 | As per scheme TAT |
| Redemption/SWI/STP/SWP | Other than Equity | Mar 28, 2025 (After cutoff) to April 01, 2025 (Before cutoff) | April 02, 2025 | As per scheme TAT |
Important Notes:
- No redemption payouts will take place on April 01, 2025.
- Purchases in demat mode made on March 28, 2025, will have their unit allotment processed on April 02, 2025.
Capital Market Fund Transfer
- Stocks bought on March 28, 2025, and April 01, 2025, will be available for selling on April 03, 2025.
- Margin for stocks sold on March 28, 2025, and April 01, 2025, will be available for withdrawal on April 02, 2025.
- Since April 01, 2025, is a non-banking day, there could be delays in payment confirmation from banks, impacting margin benefits.
Plan Transactions Accordingly
We advise you to plan your transactions accordingly to avoid any inconvenience.
If you require any further assistance or information, please feel free to contact GSFS Support.
Disclaimer
This article is for informational purposes only and should not be considered as financial or investment advice. Investors are advised to consult their financial advisor or the respective fund house for precise details. While every effort has been made to ensure accuracy, we do not take responsibility for any errors, omissions, or changes in regulatory policies.
Hi, I’m Managing Director at Gurpreet Saluja Financial Services Pvt. Ltd. Where I help my investors to invest in mutual funds and achieve their financial goals. I’m also a Value Investor and here I write about Personal Finance & Investing.
