The Central Depository Services (India) Limited (CDSL) on March 17, 2026, issued circular on discontinuation of early Payin accounts.
DPs are once again mandated to ensure that all necessary system, back‑office, and operational changes are fully implemented and made effective from March 21, 2026. For ease of understanding of the changes involved in the above‑captioned implementation, DPs may also refer to the FAQs enclosed with this communiqué.
DPs are further advised to appropriately disseminate the contents of the aforesaid communiqués and the FAQs to their Trading Clients, Trading Member (TM) clients, and Clearing Member (CM) clients, to enable them to take note of and comply with the said implementation.
DPs are explicitly cautioned that any failure to adhere to the operational modalities prescribed under the aforesaid communiqués may result in non‑processing of Early Pay‑in transactions, which could consequently lead to shortages in pay‑in and/or auction of securities.
[Circular No. CDSL/OPS/DP/SETTL/2026/188]
