Dear All
As you may be already aware that the Stock Broking industry in India has some of the most stringent guidelines and regulations to follow. Over the past few years, regulators across India have ensured that the highest standards of KYC (Know Your Customer) guidelines are adhered to by all market participants.
For your perspective as Retail Investors and Traders, it is important that following actions are completed:
- PAN is linked with Aadhaar
- KRA is verified your registered Mobile Number and Email address
In case your KYC is not validated and verified as above before 31st March 2024, Stock Exchanged (BSE, NSE and MCX) and Depositories (CDSL) will disable your active trading accounts. In case you have trading accounts across multiple brokers, all of your accounts will be frozen and no trading shall be permitted as the KYC for your accounts will be put ON HOLD.
If you are an investor or trader on Dhan who’s KYC is either not validated or verified by the KRA, the message you will see when you attempt to trade on Dhan is one of the following:
- User in Square-Off mode
- User is disabled for trading
- Exchange has disabled for trading
For Dhan users, in case your KYC records are not validated / verified, we request traders and investors on Dhan to login to our KYC portal on https://kyc.dhan.co
Thank you
Pravin
