How To Update And Validate KRA Details?

As per the latest SEBI circular  SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated August 11, 2023 on KRA Regulations, KYC Registration Agencies (KRA) are responsible for validating clients’ KYC details as per their records. If the details are not updated and validated or is “On hold”/”Rejected”., trading and demat shall be blocked for such accounts.

Updation process : This is usually done when your KYC details are incorrect in the KRA portal. In this case, you are required to furnish the following documents at our Office. We will update your KRA details. 

1. Duly filled and signed KRA form (available on our site) with photo 
2. Self-attested copy of  PAN card
3. Self-attested copy of  Aadhaar card.

Validation process : After we process your request, we will inform KRA to update their record. After the KRA has updated the details, you shall receive an SMS to your registered mobile number to validate your mobile number and receive an email to your registered email ID to validate your email ID. Check your spam, trash or deleted folder if you do not find the email.

Alternative validation process : Check with which KRA your KYC is registered. Click on KYC Inquiry. Enter your PAN, input the captcha and submit. Check your KRA name and visit your respective KRA website from the below link and follow the on-screen instructions to validate your email/mobile number.

• CVL KRA      : https://validate.cvlindia.com/CVLKRAVerification_V1/
• KARVY KRA : https://www.karvykra.com/KYC_Validation/Default.aspx
• NDML KRA   : https://kra.ndml.in/ClientInitiatedKYC-webApp/#/ClientinitiatedKYC
• DOTEX KRA : https://www.nsekra.com/
• CAMS KRA   : https://qrkra.camsonline.com/KRAAADHAARWEB/MobileApp/ARV.aspx

After the contact details are validated with KRA, it would be processed in 5-7 workings days to update your records and activate your trading account 7 demat account if deactivated.

Impact of the above regulation, if it is not followed :

1. Clients shall not be allowed to trade on any exchange or manage their open positions (if any) until they comply with the KYC requirements
2. Clients trading and demat account will remain deactivated till the KRA details are updated and validated.

If your email/mobile number is incorrect in KYC records :

Firstly, update your email ID and mobile number using our Modification forms available offline or at our PSPL website. The modification request shall be processed within 48 working hours after receiving the physically signed copy at our office or by emailing via client's registered email address to our anilkadam@psplonline.com email address, after which we will inform KRA to update their records. After the KRA has updated the details, you shall receive an email and SMS from your respective KRA to validate your email ID and mobile number. Your task is done once you validate your email ID/mobile number. 

 

KYC Form & Other Documents Download