- Prevent unauthorized transactions in your demat/trading account Update your mobile number/email id with your stockbroker/depository participant. Receive transaction information directly from Exchanges to your mobile/email at the end of the day and alerts to your registered mobile for all debits and other major transactions on your demat account directly from NSDL/CDSL on the same day. ” – Published in the interest of investors.
- KYC is a one-time exercise in the securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, mutual fund, etc.) you no longer need to track the same process when approaching another intermediary.
- No need to issue checks by investors when subscribing to the IPO. Simply write down the bank account number and sign the application form to authorize your bank to make payment if awarded. No hassle for reimbursement as the money stays in the investor’s account.”
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