Dormant Account Policy

Time frame for treating a account as dormant is six months.

If a registered client does not trade for a gap of 6 months, the account becomes a dormant account by default and the below mentioned procedures have to be adhered to get the dormant account activated :

  • Client is requested to come to the Head Office/ branch in person with latest proof of residential address, bank account and demat account if any changes (SNSFPL demat account to be ignored – status to be confirmed with DP department).
  • Confirm the status of the KYC – obtain all addendums as per amendments to KYCs.
  • Check if there are any outstanding dues in the account of the client for trading and demat.
  • Check if any securities are lying in beneficiary account
  • Obtain the dormant account activation letter from the client.
  • Send all documents to Head Office for activation of the account.

Head Office to confirm the activation upon receipt of the documents.