Federal Bank Ltd 28 Nov 2024 Futures are financial contracts that allow traders to buy or sell shares of Federal Bank Ltd at a predetermined price, with a settlement date being 28 Nov 2024. These contracts are traded on stock exchanges and are used for speculation or hedging.
The expiry date for Federal Bank Ltd 28 Nov 2024 Futures is 28 Nov 2024 of that particular trading year. On this date, all open positions in these futures contracts will be settled automatically.
If you do not square off your Federal Bank Ltd 28 Nov 2024 Futures before expiry, your contract position will be settled automatically at the market price on the expiry date. This could result in either a profit or a loss, depending on the price movement.