The National Securities Depository Limited (NSDL) on October 28, 2024, notified regarding the Suspension of Demat accounts of existing clients whose KYC records are not found to be valid by KRAs after the validation process.
The following has been stated:
• The DP wise demat accounts have been identified and the said list is made available by NSDL on i-Assist portal on the path “Non-Complied KYC KRA Accounts” with the files name as “DPID_Non-Complied_Non-Complied_KYC_KRA_Accounts_September_2024” for review and taking up with their concerned clients.
• The aforesaid demat accounts will be suspended by NSDL for debit and credit on November 02, 2024 (Saturday) considering the updated data to be made available by KRAs as on October 31, 2024. Participants are also advised to send intimation to concerned clients after suspension of demat accounts via letter/email/SMS or any other mode as deemed fit.
[Notification No NSDL/POLICY/2024/0162]
