Mandatory updation of KYC attributes in Demat accounts otherwise Demat accounts will be deactivated | NSDL
NSDL via Circular No. NSDL/POLICY/2021/0036 dt. 07th April 2021 had instructed all the Depository Participants to fulfill 6-KYC attributes of all their clients which are as under: Name Address PAN Valid Mobile Number Valid Email-id Income range It was mandatory for all new accounts opened on or after 1st June, 2021 which was subsequently extended and as on date, as per NSDL Circular No. NSDL/POLICY/2021/0063 dated 30th June 2021 , it is mandatory for all new accounts opened on or after 1st August 2021 . For existing clients , deadline for this compliance initially was 31st May 2021 which has been subsequently extended to 31st July 2021. Non compliance of above norms will lead to deactivation of demat accounts (except for settlement of already open positions) Now, NSDL had issued Circular No. NSDL/POLICY/2021/0068 dt. 06th July 2021 requiring all the participants for mandatory updating Income range details of their clients using the below mentioned codes : ...