Advisory KYC Compliance

Advisory KYC Compliance – Content

🛡️ KYC Compliance Advisory

A Regulatory Reminder from Plango India Pvt Ltd

At Plango India, we prioritize investor protection, regulatory transparency, and seamless financial operations. As part of our ongoing commitment to compliance and ethical conduct, we urge all investors and mutual fund distributors to ensure timely and complete KYC adherence.

✅ Mandatory KYC Attributes for All Investors

To remain compliant and eligible for trading, every investor must ensure the following six KYC attributes are accurately updated across both trading and demat accounts:

·         Full Name

·         Complete Address (including PIN code for Indian residents)

·         PAN (Permanent Account Number)

·         Valid Mobile Number

·         Valid Email ID

·         Income Details / Range

📌 For custodian-settled clients, custodian details must also be furnished.

Failure to update any of these attributes will result in the trading account being marked as non-compliant, thereby restricting access to Exchange-based transactions.

🔗 PAN-Aadhaar Linking Deadline

As per regulatory directives, investors must link their Aadhaar number with PAN by March 31, 2023.

🚫 PANs not seeded with Aadhaar by this date will be rendered inoperative, and trading will be disallowed from April 01, 2023 onward.

🔍 Ensure Dual Compliance: Trading & Demat

To facilitate smooth settlements and uninterrupted access to financial markets, investors must verify that both their trading and demat accounts meet the KYC compliance standards.

📣 Stay Updated with Regulatory Guidelines

Exchanges and Depositories may issue periodic updates regarding KYC norms and related requirements.

We strongly encourage all stakeholders to stay informed and act promptly to remain compliant.

At Plango India, we believe that informed investors are empowered investors. Let’s uphold the highest standards of compliance and build a secure, inclusive financial ecosystem—together.