How to get KYC updated for demat account?
2 years, 6 months ago

How to get KYC updated for demat account?

Live Mint  

Through demat and trading accounts, you can now trade stocks digitally. As the name implies, know your customer assists brokers and DPs in understanding and verifying the credentials of an investor seeking to register a demat account and trade in equity. It also assures that cash invested in and generated through a trading and demat account may be traced back to the source through proper banking channels. Here is the process of how to get KYC updated for your demat and trading accounts. Account holders with outdated KYC credentials have three months to update them before their demat and trading accounts are closed.

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What is a demat account and who needs to open it?
2 years, 6 months ago

What is a demat account and who needs to open it?

Live Mint  

A growing number of people have started trading to earn some extra money, or to create an alternative stream of income. However, one must be aware that opening a demat account is the first step before foraying into the stock market. In India, demat account services are primarily provided by two depository bodies known as NSDL and CDSL. The next …

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