National Stock Exchange (NSE) Relaxed Norms for Inactive Trading Accounts.

Economy Business

The National Stock Exchange Limited (NSE) has relaxed the norms regarding the definition of inactive trading account. It has changed the timeline for marking an account as inactive from 12 months to 24 months.


      - As per the NSE directions, existing clients who are inactive as per previous guidelines, but are active as per revised guidelines, will be considered as active for trading only after updating their details.

      - As per revised norms, trades in Initial Public Offering (IPO), Mutual Funds (MF), Sovereign Gold Bonds (SCBs), Offer for Sale (OFS), and buybacks are also now to be considered as active accounts for trading.

      - Previously, only trading in equity, Futures and Options (F&O), commodities, and currencies was considered for allowing the account to be active.

Main Points:-   (i) The NSE has mandated that any account once marked inactive can be activated by the broker only after completing in-person verification either physically or in digital mode.

      (ii) Brokers are authorized to seek updated client details like address, email ID (electronic mail identification), bank account, and income details.

(iii) The inactive accounts identified based on the above-mentioned criteria may be termed as "Inactive" by the Trading Member in Unique Client Code (UCC) database of all the respective changes.
About National Stock Exchange Limited (NSE)

MD & CEO : Ashishkumar Chauhan
Headquarter : Mumbai
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