The Central Depository Services (India) Limited (CDSL) on October 15, 2024, notified regarding the Validation of KYC Records with KRA.
The following has been stated:
• The KRAs have provided the list of PANs for which KYC records are not found to be valid due to various reasons (invalid PANs due to any reasons) and PANs updated during September 01, 2024, to September 30, 2024.
• Based on the details of non-validated PANs received from KRAs updated as on September 30, 2024, DP wise list of demat accounts identified against the said non-validated PANs are made available by CDSL in the DPs billing folder with file naming convention as “BLNG<<DP ID>>_KRA_DEFICIENT_BO_ 08102024.tar” for follow up with identified deficient BOs.
• 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, November 02, 2024, considering the updated data made available by KRAs as on October 30, 2024.
[Notification No CDSL/OPS/DP/POLCY/2024/614]
