The National Stock Exchange (NSE) on January 03, 2025, issued the notification regarding the Trading Supported by Blocked Amount in Secondary Market.
The following has been stated namely: -
• Under the UPI mechanism, the primary holder's name and PAN undergoes verification against the Bank and Demat account details provided by the client.
• If disparities or mismatches are detected, the record will not be validated by the NPCI/Depositories and client will not be eligible for utilizing the ‘Unified Payments Interface (UPI)’.
• Only records uploaded through the UCC module with successfully validated PAN, bank details and demat details by 4:00 p.m. on the trading day will qualify for trading under UPI.
• The time limit of 4.00 p.m. is now being revised to 3.00 p.m.
[Notification No. NSE/ISC/65968]
