F&O expiry calendar — every expiry, in one place.
SEBI staggered the weekly expiries across five days so no single day sees all the derivatives settlement pressure. Here's the complete live schedule for every NSE index + stock-F&O contract, with holiday-shift handling (when the natural expiry falls on a trading holiday, it moves to the previous trading day).
Computed from SEBI staggered-expiry schedule + NSE holiday circulars · as of Live — countdowns refresh on page load. Curated reference — verify against the authoritative source before making any investment decision. Refreshed periodically, not continuously.
Sources: NSE F&O expiry schedule · NSE holiday circular
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The staggered expiry rule
- NIFTY 50 (Thursday)
- Bank Nifty (Wednesday)
- Nifty Fin Services (Tuesday)
- Nifty Midcap Select (Monday)
- Nifty Next 50 (Friday)
- Stock F&O (last Thursday of month)
Weekly expiries settle at 15:30 IST on expiry day. Monthly expiries = last weekly of the month. Stock F&O contracts don't have weeklies — they only expire on the last Thursday of each month.
What happens on expiry day
- Open positions settle at closing spot — options in-the-money at 15:30 IST are automatically exercised; out-of-the-money expire worthless.
- STT on sell side only — ITM options get hit with 0.125% STT on intrinsic value (buyers pay this, not writers). Major reason retail often skips holding ITM calls to expiry.
- Physical settlement for stock F&O — any open stock future or ITM option position delivers/receives actual shares. Close them by 14:30 IST on expiry day or keep enough margin for delivery.
- Cash settlement for indices — NIFTY + Bank Nifty + Fin Services + Midcap Select + Next 50 are cash-settled. No delivery risk.
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Start free — no cardResearch tool · not investment advice.
Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Expiry dates reflect current SEBI/NSE staggered schedule. SEBI has revised the schedule multiple times since 2023 — always cross-check the NSE circular closest to your trade date. F&O is leveraged; SEBI FY25 study found 91% of retail lost money.