The Central Depository Services (India) Limited (CDSL) on November 11, 2024, issued a notification 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 October 01, 2024, to October 31, 2024.
• The 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_ 05112024.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 30, 2024, considering the updated data made available by KRAs as on November 28, 2024.
[Notification No CDSL/OPS/DP/POLCY/2024/678]
