Advisory – KYC Compliance
All investors are requested to take note that 6 KYC attributes i.e. Name, PAN,
Address,
Mobile Number, Email id and Income Range have been made mandatory. Investors
availing custodian services will be additionally required to update the custodian
details.
Investors may contact their respective stockbrokers / depository participants for
updation
of details in their trading / demat account.
The last date to update KYC is March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the
Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant
or
Depository.
On submission of the necessary information to the stockbroker and updation of the
same
by the stockbroker in the Exchange systems and approval by the Exchange, the blocked
trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC
details
and the same is captured by the depository participant in the depository system.
To ensure smooth settlement, investors are requested to ensure that both the trading
and
demat accounts are compliant with respect to the KYC requirement.
Investors are hereby requested to comply with the regulatory guidelines issued by
Exchanges and Depositories from time to time with regard to KYC compliance and
related
requirements.