Bank Nifty Index Option Contract Multiplier: Explained

The contract multiplier for Bank Nifty Index option contracts is 20. This means that each contract represents 20 times the value of the Bank Nifty Index. For example, if the Bank Nifty Index is trading at 10,000, the value of one Bank Nifty Index option contract would be 10,000 x 20 = 2,00,000. The contract multiplier is important to understand for calculating profits and losses on Bank Nifty Index option trades.