The National Stock Exchange (NSE) on February 18, 2025, notified regarding the enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account.
The following has been stated namely: -
• It notifies that the NRI clients in Category 11 will have their validated Primary Demat account details sent to Clearing Corporations, and hence payouts will be directly credited to their Demat accounts..
• Additionally, Depository Receipts Category 21 clients' Demat details won't be sent to CCs, and payouts will follow the current process, with any changes communicated later.
• It states that the Exchange will provide a daily "segment-wise demat account validation report" on the extranet to help Trading Members identify and correct validation issues.
• It provides a report on the bank validation status of UPI clients, covering all active UCCs in Cash, Futures & Options segments, and UPI clients.
[Circular No: 05/2025]
