Incomplete KYC: 1.3 crore investor accounts on hold
Tuesday, 30 April 2024 ()
KYC registration entities, known as KRAs in the market, stated on Tuesday that out of approximately 11 crore investors under Sebi’s regulatory oversight, around 1.3 crore accounts are currently ‘on hold’ (indicating that these investors are unable to carry out transactions in stocks, MFs, and commodities using these KYCs) due to non-compliance with Sebi regulations for various reasons.
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