Futures Contract Specification
Options Contract Specifications: Monthly | Weekly
Bank Nifty Futures Contract Specifications |
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|---|---|
| Ticker Symbol | BANKNIFTY |
| Contract Size | 40 units. |
| Notional value | Contract size multiplied by the index level (For example: if the current index value is 1000 then the notional value would be 10000 x 25 = Rs. 2,50,000) |
| Tick Size | 0.05 |
| Trading Hours | As in equity derivative segment |
| Expiry Date | BANKNIFTY futures contracts expire on the last Thursday of the expiry month. If the last Thursday is a trading holiday, the contracts expire on the previous trading day. |
| Contract months | BANKNIFTY futures contracts have a maximum of 3-month trading cycle - the near month , the next month and the far month. A new contract is introduced on the trading day following the expiry of the near month contract. |
| Daily Settlement Price | Last half hour's weighted average price |
| Final Settlement Price | Final settlement price for a futures contract shall be the closing price of the underlying index in the Normal Market of the Capital Market segment of National Stock Exchange on the last trading day of such futures contract. |
| Final Settlement Procedure | Final settlement will be Cash settled in INR based on final settlement price |
| Final Settlement day | All open positions on expiry date shall be settled on the next working day of the expiry date (T+1) |
| Position Limits | The trading member/MF/FII position limits in BANKNIFTY futures contracts shall be higher of Rs.500 crores or 15% of the total open interest in the market . This limit would be applicable on open positions in all futures contracts on underlying index |
Updated on: 03/02/2021
