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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSDL - Suspension of demat accounts of existing clients whose KYC records are not found to be valid by KRAs after the validation process

21-Nov-2025 | No.: NSDL/POLICY/2025/0154

NSDL has issued a follow up circular on Suspension of demat accounts of existing clients whose KYC records are not found to be valid by KRAs after the validation process. on 29th Oct 2025 Circular No.: NSDL/POLICY/2025/0147 has been issued which says that demat accounts of the clients whose KYC records were not found to be valid due to various reasons for new PANs updated in KRAs system during the month of September 2025 had been suspended in NSDL system on November 01, 2025. Pursuant to this circular, KRAs on November 04, 2025 for the said PANs which are KRA non-compliant, the DP wise demat accounts have been identified and the said list is made available by NSDL on E-pass portal on the path 'Non-Complied KYC KRA Accounts? with the files name as Non Complied_KYC_KRA_Accounts_Oct_2025 for Participants review and taking up with their concerned clients. demat accounts will be suspended by NSDL for debit and credit on November 29, 2025 (Saturday) considering the updated data to be made available by KRAs on November 28, 2025. Participants are also advised to send intimation to aforesaid concerned clients after suspension of demat accounts via letter/email/SMS or any other mode as deemed fit.

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