The Central Depository Services (India) Limited (CDSL), on November 07, 2025, issued an circular regarding validation of KYC records with KRA.
The following has been stated:-
• 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 (invalid PANs due to any reasons) and PANs updated during October 01, 2025, to October 31, 2025.
• Based on the details of non-validated PANs received from KRAs updated as on October 31, 2025.
• 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_06112025.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, November 29, 2025,considering the updated data made available by KRAs as on November 27, 2025.
[Circular no. CDSL/OPS/DP/POLCY/2025/754]
