All In-The-Money (ITM) Silver, Silver M and Gold M options contracts expiring on 26th March 2026 will automatically devolve into futures contracts if not squared off before expiry.

To hold the resulting futures position, sufficient margin must be maintained in your account. You can check the applicable margin requirements using our MCX Margin Calculator.

Important Instructions:

• Ensure that adequate futures margin is available in your account well in advance to avoid square-off or margin penalties.
• Check margin requirements using the MCX Margin Calculator.
• It is recommended to square off ITM options before expiry to avoid unintended futures positions.
• Square-off Alert: Any open ITM options positions may be squared off anytime after 9:00 PM on 25th March 2026 to prevent potential risks.

For any queries or support, please contact us here.