Reduction in Number of Weekly BANK NIFTY Contracts

As can be seen in the above table, at any point of time, there are 7 independent weekly expiries and 3 weekly-cum-monthly expiries for the BANKNIFTY. As per the NSE circular, these 7 independent weekly expiries will get compressed into just 4 consecutive weekly expiries.
 

How will this be rolled out for the Bank Nifty?

b) The exchange has laid out a systematic process for this shift in the BANKNIFTY from 7 expiries to 4 expiries. This will, ensure that the existing open contracts and the various positions on the BANKNIFTY will not get impacted.

c) As of today, all the existing weekly expiries will continue to be available for trading and fresh positions as well as closure of positions till their respective expiry dates and maturity dates.

d) However, between 21st January 2022 and 03rd March 2022 no fresh weekly expiries or even weekly-cum-monthly expiries will be introduced  by the exchange. This will allow time to catch up with target of 4 expiries.

e) Effective from 04th March 2022, there will be automatically 4 consecutive contracts available for trading weekly options on the BANKNIFTY

How will the BANKNIFTY series look like on 21-Jan and 04-Mar?