Demat accounts with KYC not uploaded at a KRA to be frozen on 7 November 2026
TaxByKK · Compliance News · taxbykk.com2 Nov 2026
In short
CDSL has told its Depository Participants that demat accounts whose holders' KYC details are not verified by the KYC Registration Agencies (KRAs) will be frozen for both debit and credit on Saturday, 7 November 2026, if the DP has not already frozen them. The list was based on data as on 5 June 2026. This is a separate group from the accounts frozen for non-validated KYC on the same date.
- Authority
- Central Depository Services (India) Ltd (CDSL)
- Communiqué
- CDSL/OPS/DP/POLCY/2026/770 dated 2 November 2026
- Type
- Circular to Depository Participants
- Freeze date
- Saturday, 7 November 2026
- Freeze reason
- Code 27: Account holder related, KYC non-compliant
- Based on
- SEBI circular dated 11 August 2023 on KRA risk management; data as on 5 June 2026
- Follows
- CDSL communiqué CDSL/OPS/DP/POLCY/2026/234 dated 2 April 2026
What changed
| Item | Before | Now |
|---|---|---|
| Demat accounts (including joint holders) whose PAN KYC is not uploaded or verified at a KRA and which the DP has not frozen | Operating normally | Frozen for debit and credit on 7 November 2026 |
The lists were provided to each DP in its billing folder. To unfreeze, DPs follow the process in CDSL communiqué CDSL/OPS/DP/SYSTM/2023/525 dated 5 September 2023. KRA status queries go to the respective KRA. The document does not say how long unfreezing takes once KYC is verified.
Who it applies to
- Demat account holders (and joint holders) whose KYC is not on a KRA's system or is not verified
- Depository Participants
- Stockbrokers and advisers who handle investors' KYC
What to do
- Investors: check KYC status with a KRA and complete or correct it before 7 November 2026.
- DPs: contact the account holders on the list and freeze or follow up before the date; use the 2023 process to unfreeze once KYC is verified.
Reference
CDSL communiqué CDSL/OPS/DP/POLCY/2026/770, 2 November 2026, Freezing of demat accounts for KYC not uploaded with KRA.
Read the official PDF: CDSL communiquéWritten by TaxByKK from the official notification. Check the official text before you act on it.
Frequently asked questions
When will these demat accounts be frozen?
On Saturday, 7 November 2026, for both debit and credit.
Is this the same as the freeze for non-validated KYC?
No. This communiqué covers KYC not uploaded or verified at a KRA; the earlier CDSL communiqué covers PANs whose KYC records the KRAs could not validate. Both freezes are dated 7 November.
How can an account be unfrozen?
The DP follows CDSL's 5 September 2023 unfreezing process once the holder's KYC is verified by the KRA.