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KYC stopped registering CDSL

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  #1  
Old 30th June 2011, 03:48 AM
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Default KYC stopped registering CDSL

I have ICICIdirect brokerage acct. Everything was fine. Suddenly around 15th May, KYC stopped registering. Called ICICI. Not their peoblem (always).
There is no change in my tax status, location, or anything.
Submitted documents to CDSL around May 20th.
No reply from them. Online check says "Invalid data"
I cannot place orders and stucked with securities and MFs in my acct.
Why CDSL is so unprofessional and inefficient. They cannot handle requests from all over india.
What to do?
KYC maybe needed for MF transactions but is it complusary for Stocks trading also????


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  #2  
Old 30th June 2011, 03:54 AM
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Default Re: KYC stopped registering CDSL

KYC (Know Your Client) has been a requirement for Stock Trading even before it was made compulsory for MF.

With the particular problem you are facing, I suggest correspond through email with both ICICIDirect & CDSL...so that you have a trail of your query...also mark CC to all concerned.


SG

Quote:
Originally Posted by rakamaka View Post
I have ICICIdirect brokerage acct. Everything was fine. Suddenly around 15th May, KYC stopped registering. Called ICICI. Not their peoblem (always).
There is no change in my tax status, location, or anything.
Submitted documents to CDSL around May 20th.
No reply from them. Online check says "Invalid data"
I cannot place orders and stucked with securities and MFs in my acct.
Why CDSL is so unprofessional and inefficient. They cannot handle requests from all over india.
What to do?
KYC maybe needed for MF transactions but is it complusary for Stocks trading also????
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  #3  
Old 30th June 2011, 03:52 PM
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Default Re: KYC stopped registering CDSL

Tried to communicate CDSL. Cant get thru.
ICICI dont cooperate.
Wait and pray.
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  #4  
Old 30th June 2011, 07:12 PM
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Default Re: KYC stopped registering CDSL

One more suggestion.... mark all your emails with a cc to SEBI.... think that should jolt these idiots out of their slumber

SG

Quote:
Originally Posted by rakamaka View Post
Tried to communicate CDSL. Cant get thru.
ICICI dont cooperate.
Wait and pray.

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