IMAPCT Of Bank Nifty Expiry Day Change

IMAPCT Of Bank Nifty Expiry Day Change

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On June 6, 2023, that w.e.f. From 7th July 2023, the expiry day of Bank Nifty derivatives contracts shall stand revised to Friday instead of Thursday announced by the National Stock Exchange (NSE) vide circular no. 88/2023 

Details of the changes

  1. All Bank Nifty Futures & Options contracts shall now expire on Friday
  2. This change is effective from July 7, 2023
  3. All existing contracts with Thursday expiry shall be revised to Friday expiry on July 6 EOD
  4. The first Friday expiry shall be July 14, 2023
  5. There shall be no other changes in the F&O contracts


Bank Nifty Futures and Options (F&O) expiry day has been changed from Thursday to Friday, said NSE. The changes will be effective from the trade date of Friday, July 7, 2023; accordingly, all existing contracts with Thursday expiry will be revised to Friday by the end of day on July 6, 2023. The first Friday expiry will be on July 14, 2023. If Friday is a trading holiday then the expiry date will be the previous trading day, NSE added. Last Month, BSE also changed the expiration day of Sensex and Bankex monthly, weekly and long-dated futures and options contracts to Fridays from Thursdays.


Bank Nifty existing weekly contracts will expire on Friday of every week and monthly contracts will expire on the last Friday of the respective contract month. Any new contract created for trading on/after the end of the day on July 06, 2023, shall be created as per the revised expiry days. The settlement schedule will be intimated separately by Clearing Corporations. NSE further advise traders to take the updated contract.gz file available on the extranet path faoftp/faocommon before trading on July 07, 2023.


At present, Nifty Bank’s weekly contracts expire every Thursday, while monthly and quarterly contracts expire on the last Thursday of the expiry month. With this change, NSE will now have an F&O expiry on every day of the week except Monday, with effect from the week starting July 9. There is the Nifty Financial expiry on Tuesday, Nifty Midcap Select on Wednesday, Nifty 50 on Thursday and now Bank Nifty on Friday.

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