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 on or before July 03, 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.
Blocked trading accounts shall be unblocked by the Exchange on T+1 trading day after KYC updation.
The demat account shall be unfrozen once deficient KYC is submitted and captured by the depository participant.
Ensure both trading and demat accounts are compliant to avoid issues during settlement.
Follow all regulatory guidelines issued by Exchanges and Depositories regarding KYC compliance.
B. Awareness
Clients/investors must avoid unauthorized investment schemes like indicative/fixed returns.
“Advisory for investors” message is displayed on members’ websites as per Exchange guidelines.
Brokers or their associates are not authorized to offer guaranteed returns or capital protection.
Funds given under such arrangements won’t be entertained by the Exchange in case of disputes.
Do not keep idle funds with the broker. Unused credit must be returned within 3 working days if no transaction occurs in 30 days.
Ensure your account is settled at least once every 90 days (or 30 if opted).
Claims for compensation in case of defaulter broker follow norms listed on: NSE Defaulter Section
Securities for margin must be pledged, not transferred to the broker or its associates.
Keep your email and mobile number updated with your stock broker.
Verify all trades via contract notes and report any discrepancies immediately.
Compare Exchange weekly reports with broker account statements and report mismatches.
Only transfer funds to a SEBI-registered broker, not their agents or associates.
C. Attention Investors
Stock Brokers can accept securities as margin only via pledge in the depository system from September 01, 2020.
Update your email and mobile with broker/depository to receive OTP for pledge creation.
Check securities/MF/bonds in the consolidated monthly account statement issued by NSDL/CDSL.
Provide your email ID to receive electronic contract notes and statements.
Pay 20% upfront margin to trade in the cash market segment.
Refer to NSE’s FAQs on upfront margin collection (Circular NSE/INSP/45191 & 45534).
SEBI mandates margin collection (Initial & M2M) from Aug 01, 2020. Penalty for non-compliance will apply.
Provide sufficient margin in the form of funds/securities before trading.
Intraday trades also require margin compliance.
Use pledge instruction through the depository system to offer shares for margin.
Depository charges will be passed to clients on an actual basis.
No cheques needed for IPO application. Authorize via bank details on the form.
Submit PAN and address proof for reactivating dormant accounts.
Provide NEFT details with a cancelled cheque for online credit to your account.
