The Central Depository Services (India) Limited (CDSL) on January 24, 2025, issued a circular regarding the processing of transactions with the correct bank account details.
The DPs are advised to note there are still many Demat accounts wherein incorrect Bank details are available or in some cases old bank account numbers are recorded in the Demat account of the BOs. DPs are once again advised to do the follow up with the respective BOs and arrange to update/ modify the bank account details in the Demat account as per CBS bank account numbers as mentioned in the DP Operating Instructions regarding modification in bank details.
[Circular No. CDSL/OPS/DP/BNKDT/2023/60]
