The Central Depository Services (India) Limited (CDSL), on February 06, 2026, issued amendment to DP operating instructions annexure 11.1.
The following has been stated namely: -
• Depository Participants (DPs) are advised to take note of the amendments mentioned below, which have been incorporated in CDSL’s DP Operating Instructions Annexure 11.1 – Penalty Structure for DPs related to the revision in penalty for non-compliance with the requirement of online account closure facility by DPs as per the guidelines issued by the Depositories:
• Operating Instructions - Annexure 11.1:- PENALTY STRUCTURE FOR DPs
• Nature of non-compliance:- Facility of Online account closure of demat account facility is not made available by Participants offering the online demat account opening facility as per the guidelines issued by the Depositories various Depository related services in online mode.
• Penal Action (in ₹):- ₹25,000/- per occasion (upon identification of non- compliance)
[Circular No. CDSL/AUDIT/DP/POLCY/2026/87]
