The Central Depository Services (India) Limited (CDSL) notified on October 19, 2026, about freezing demat accounts for Non-Validated KYC Records by KRAs.
CDSL has advised Depository Participants (DPs) that demat accounts of existing clients whose KYC records have not been validated by KYC Registration Agencies (KRAs) will be frozen for both debit and credit transactions on November 07, 2026, using freeze reason code “27 – Account holder related–KYC non-compliant.” This action is based on non-validated PAN details received from KRAs, including invalid PANs and PAN records updated between September 01, 2026, and September 30, 2026, with the relevant data updated as of November 05, 2026. DP-wise lists of identified demat accounts have been made available in the CDSL billing folder under the file naming convention “BLNG[DP ID]_KRA_DEFICIENT_BO_08102026.tar” to facilitate follow-up with deficient Beneficial Owners (BOs).
[Notification No. - CDSL/OPS/DP/POLCY/2026/734]
