Demat Account Update KYC Online – The KYC guidelines were created by the Reserve Bank of India (RBI) in 2002. All investment-related transactions require KYC matches from India’s securities and exchange board (SEBI), (Securities Depository Guide) such as savings bank accounts, demat accounts and investment in mutual funds.
Name, address and signature. Demat account has client data required for KYC. To confirm these credentials when creating an account and repeating the KYC updates, customers must enter a photo-ID card, such as Aadhaar card, passport or driver’s license.
Demat Account Update KYC Online
Follow these five easy steps to update KYC for a demat account online:
Step 1: Open your online trade app and log on.
Step 2: Find the “Update KYC” page, tab or section. To access the KYC form, click.
Step 3: The information you provided when registering or creating an account will be shown. Verify the information, such as your complete name, home and business addresses, account nomination, joint account holder data, and more. Where necessary, update the form.
Step 4: Submit a form approved by an identity government, such as your PAN card, the driver’s license, voter card, Passport or Aadhaar card. You must provide proof of address in the Aadhaar card, passport, voter card, driver’s license, latest water or energy bill, etc.
Step 5: To confirm your identity, IFSC, and account information, send a copy of a canceled check with your name prominently embossed.
Step 6: Finish the in-person confirmation using the webcam on your computer or phone.
Demat Account Update KYC Online – To utilize their accounts for stock purchases and sales and share transfers, holders of Demat and trading accounts must complete the KYC process. The Demat account will go dormant and the account holder will be unable to conduct any transactions if the KYC requirement is not followed.
