CDSL circular on -Validation Of Kyc Records With KRA
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Issuer: CDSL
DPs are advised to refer Communique No. CDSL/OPS/DP/POLCY/2025/30 dated January 13, 2026, regarding freezing of demat accounts of existing clients whose KYC records are not found to be valid by KRAs after the validation process.
In continuation to the above, KRAs have provided the list of PANs for which KYC records are not found to be valid due to various reasons (including invalid PANs) and PANs updated during January 01, 2026 to January 31, 2026.
Based on the details of non-validated PANs received from KRAs updated as on January 31, 2026, DP-wise list of demat accounts identified against the said non-validated PANs are made available by CDSL in the DPs billing folder with file naming convention as “BLNG<<DP ID>>_KRA_DEFICIENT_BO_0602026.tar” for follow up with identified deficient BOs.
The aforesaid demat accounts will be frozen for both debit and credit with freeze reason code “27 – Account holder related – KYC non-compliant” on Saturday, March 07, 2026, considering the updated data made available by KRAs as on March 05, 2026.
Further, for unfreezing the aforesaid accounts, DPs are advised to follow the process of unfreezing of the demat accounts mentioned in Communique No. CDSL/OPS/DP/SYSTM/2023/525 dated September 05, 2023.
DPs are advised to take note of the same and ensure compliance.