Interest Rate Derivatives contracts of Government of India (GOI) securities
NSE circular · 17 Sept 2026
National Stock Exchange of India Limited Circular Department: CURRENCY DERIVATIVES SEGMENT Download Ref No: NSE/CD/76406 Date: September 17, 2026 Circular Ref. No: 34/2026 All Members, Interest Rate Derivatives contracts of Government of India (GOI) securities With reference to item no. 1.13 of Exchange consolidated ci…
Official record
Open source pageDocument text
[Image omitted. See the official document.] [Image omitted. See the official document.]
National Stock Exchange of India Limited
Circular
| Department: CURRENCY DERIVATIVES SEGMENT | |
| Download Ref No: NSE/CD/76406 | Date: September 17, 2026 |
| Circular Ref. No: 34/2026 | |
All Members,
Interest Rate Derivatives contracts of Government of India (GOI) securities
With reference to item no. 1.13 of Exchange consolidated circular ref. no. 67722 dated April 28, 2025 and the guidelines pertaining to the selection of underlying for trading in Cash Settled Interest Rate Futures specified by SEBI vide master circular No. SEBI/HO/MRD2/PoD-2/CIR/P/2024/181 dated December 30, 2024, members are requested to note that Exchange shall introduce Interest Rate Futures and Options contracts for following symbol which will be made available for trading w.e.f. September 21, 2026:
| Instrument | Symbol | Coupon | Maturity | Exclusion Date |
|---|---|---|---|---|
| FUTIRC | 653GS2031 | 6.53% | 07-Sep-31 | Expiry of August, 2027 |
| OPTIRC | ||||
| FUTIRC | 657GS2033 | 6.57% | 17-Aug-33 | Expiry of July, 2029 |
| OPTIRC | ||||
| FUTIRC | 706GS2041 | 7.06% | 27-Jul-41 | Expiry of June, 2030 |
| OPTIRC |
Details of the contracts available for trading are as mentioned below:
| Monthly Expiry | Quarterly Expiry | Spread Contract's Expiry | |
|---|---|---|---|
| Leg 1 | Leg 2 | ||
| 24-Sep-26 | 31-Dec-26 | 24-Sep-26 | 29-Oct-26 |
| 29-Oct-26 | 25-Mar-27 | 24-Sep-26 | 26-Nov-26 |
| 26-Nov-26 | 24-Jun-27 | 29-Oct-26 | 26-Nov-26 |
| Lot Size | Rs 2 lakhs face value of GOI securities equivalent to 2000 units. Members shall place orders in terms of number of lots. | | Quantity Freeze | 1251 lots or greater i.e. orders having quantity up to 1250 lots shall be allowed. |
Kindly download cd_contract.gz, cd_spd_contract.gz, MII – Contract & Spd files from Extranet paths /cdsftp/cdscommon and update the local database before trading on the go live date.
[Image omitted. See the official document.]
Continuation Sheet
National Stock Exchange of India Limited
For and on behalf of
National Stock Exchange of India Limited
Khushal Shah
Associate Vice President
| Toll Free No | Email id |
|---|---|
| 1800-266-0050 (Option 1) | msm@nse.co.in |
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 17 Sept 2026
- Coverage area
- securities