All In-The-Money (ITM) Silver and Silver M options contracts expiring on 25th September 2025 will automatically devolve into futures contracts if not squared off before expiry.

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

Important Instructions:

• Ensure that adequate futures margin is maintained in your account well before expiry to avoid auto square-off or penalties.

• Use the MCX Margin Calculator to check current margin requirements.

• It is strongly advised 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 24th Sept 2025 to prevent potential risks.

For any assistance, please Contact Us.