Are brokers permitted to operate untagged or unidentified demat accounts?

Are brokers permitted to operate untagged or unidentified demat accounts?

No. SEBI has strictly prohibited brokers from operating untagged or unidentified demat accounts. Such accounts are not permitted under regulatory guidelines, and any non-compliance may attract regulatory action and penalties. 

Every Account Identified without Exceptions

SEBI strictly bans untagged accounts keeping your investments fully traceable.


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