Modification in RFQ T+0 Market Timings for Corporate Bonds · NSE/DS/76973
NSE circular NSE/DS/76973 · 16 Oct 2026
Official record
Open source pageSummary
Check the official recordWhat changed
The National Stock Exchange modifies the market timings for T+0 settlement of Corporate Bonds on the Request for Quote platform. This change applies to Non-Convertible Securities, Securitised Debt Instruments, Security Receipts, and Municipal Debt Securities. The new market hours for T+0 settlement are 09:00 AM to 05:00 PM. This change excludes Government Securities, State Development Loans, and Treasury Bills. Participants must update their systems to align with these revised hours. All other operational guidelines and settlement obligations remain unchanged.
What you must do
- Participants must make necessary arrangements to align with the revised market timings.
Key dates
- Effective from
- 19 Oct 2026
- Effective date for revised market timings
Document text
[Image omitted. See the official document.]
National Stock Exchange of India Limited
Circular
| Department: Debt Segment | |
|---|---|
| Download Ref No: NSE/DS/76973 | Date: October 16, 2026 |
| Circular Ref. No: 08/2026 | |
All Participants,
Modification in RFQ T+0 Market Timings for Corporate Bonds
This is in continuation to Exchange circular NSE/DS/43346 dated January 28,2020 and NSE/DS/55230 dated January 13, 2023. The market timings for all types of Corporate Bonds (Non-Convertible Securities, Securitised Debt Instruments, Security Receipts and Municipal Debt Securities) executed on RFQ Platform for T+0 settlement from the existing 4:00 PM to 5:00 PM. There are no changes in the market timings for other instruments. The revised timing for various instruments on RFQ Platform shall be effective from October 19,2026:
| Market Hours |
|---|
| 09:00 AM to 05:00 PM for T+0 Settlement (Excluding G-sec, SDL and T-bills) |
| 09:00 AM to 05:00 PM for T+1 Settlement (For All Eligible Securities) |
All other operational guidelines, settlement obligations and applicable terms and conditions shall remain unchanged.
Participants are requested to take note of the above and make necessary arrangements accordingly.
For and on behalf of
National Stock Exchange of India Limited
Prithviraj Pawar
Chief Manager
| Toll Free No | Email id |
|---|---|
| 1800 266 0050 - (1) | msm@nse.co.in |
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 16 Oct 2026
- Document number
- NSE/DS/76973
- Issuing division
- Debt Segment
- Effective date
- 19 Oct 2026
- Coverage area
- securities