The Central Depository Services Limited (CDSL) on June 21, 2024, issued the notification regarding the Validation of KYC Records with KRA.
The following has been stated namely: -
• KRAs have provided the list of KYC records that are not found to be valid due to various reasons (including non-validated PANs/Non-Aadhaar based) updated from April 01, 2024, to May 31, 2024.
• Based on the details of non-validated PANs received from KRAs updated as of May 31, 2024, list of DP-wise accounts identified against said invalidated PANs was made available by CDSL in the DPs billing folder.
• The aforesaid Demat accounts will be frozen for both - debit and credit with freeze reason code “27 – Account holder related–KYC non-compliant” on Saturday, July 06, 2024, considering the updated data made available by KRAs as of July 04, 2024
[Notification No. CDSL/OPS/DP/POLCY/2024/344]
