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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-Jan-2026 | NSDL/POLICY/2026/0010

NSDL has issued a circular in reference to the NSDL Circular dated Suspension of demat accounts of existing clients whose KYC records are not found to be valid by KRAs after the validation process.

By virtue of this circular, NSDL has informed the depository participants (DPs) about the issuance of list of KYC records which are not found to be valid by the KYC Registration Agencies (KRAs) for new PANs in in KRAs system during December 01, 2025, to December 31, 2025.

The List is available on the on E-pass portal on the path "Non-Complied KYC KRA Accounts" with the files name as
"Non-Complied_KYC_KRA_Accounts_Dec_2025" for Participants review and taking up with their concerned clients.

Also, it shall be noted that the aforesaid demat accounts will be frozen by NSDL for "Suspended for debit and credit" on January 31, 2026 (Saturday) considering the updated data to be made available by KRAs on January 30, 2026. DPs are required to send an intimation to the concerned clients after suspension of the demat accounts.

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