KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
As part of updating client information with a Trading Member / Depository Participant, regulators have mandated KYC attributes including name, address, PAN, valid mobile number, valid email ID and income range.
In case of non-compliance with regulatory requirements, the concerned Demat account may be marked inactive or non-complied and debit transactions may not be allowed.
Prevent unauthorised transactions in your account. Update your mobile numbers and email IDs with your stock brokers to receive transaction information directly from the Exchange.
Prevent unauthorized transactions in your demat account. Update your mobile number with your Depository Participant to receive alerts for debit and other important transactions.
No need to issue cheques while subscribing to IPO. Provide your bank account number and authorize payment in case of allotment, with funds remaining in your account until allotment.
Rights and Obligations, Uniform Risk Disclosure and Guidance Notes are available in vernacular languages through BSE, NSE and MCX investor education resources.
Link your Demat and Trading account number with a self-certified copy of Aadhaar by submitting the required modification form to your servicing branch.