Updating PAN, KYC & Nomination for Dematerialization

Why is it crucial to update my PAN, KYC, and Nomination details for dematerializing my physical share certificates?

According to the Securities & Exchange Board of India's circular dated 3rd November 2021, it's mandatory for investors to update their PAN, KYC, and Nomination details by 31st March 2023. This update is essential for smoothly processing various service requests, including:
  • Issuance of duplicate securities certificate
  • Replacement, renewal, or exchange of securities certificate
  • Dematerialization of physical share certificates
  • Rematerialization
  • And other listed services
  • Failure to update these details will either suspend or freeze the Demat Account.
For dematerialization, one needs to submit KYC, PAN, and Nomination details to the specific company's Registrar and Transfer Agents (RTA). If an investor has shares in multiple companies, they need to submit the details to each company's RTA individually.
‚Äč
For instance, if Shruthi wants to dematerialize her Reliance Industries Ltd. share certificates, she must provide the required details to Reliance Industries Ltd.'s RTA. If she has certificates from different companies, she should submit the details for each.

For more information, please refer to this circular.

    • Related Articles

    • How do I change or modify nominee details on FYERS?

      To change or modify your existing nominee details: Obtain the offline Nomination forms. Fill out the form and attach a copy of any one of the following identity proofs: Voter ID Aadhaar Card PAN Passport Ensure the form is filled, signed, and sent ...
    • How can I add or update bank account details in my FYERS account?

      Adding a secondary bank account to your FYERS Trading account is straightforward. Here's a step-by-step guide: Navigate: Sign in to the 'My Account' Portal. Head to the ‘Manage Account’ section. Here, you'll see your current bank details. To add ...
    • How do I verify nominee details in Fyers?

      To verify nominee details after updating on FYERS, follow these steps: 1. Log in to My Account. 2. Navigate to your profile and select 'Manage Account'. A representation of this can be seen in the provided image. 3. On the top right corner of the ...
    • How can a new client of FYERS add nominee details?

      If you're a new client, the nomination process is integral to the account opening phase. For those who haven't started the account opening process, the nominee details can be added during the steps of the procedure. But if your Demat account has ...
    • Definition of 'Declaration' in 'Nomination and Declaration'

      In the context of "Nomination and Declaration", a 'Declaration' is an official statement by an account holder who doesn't wish to nominate anyone to their Demat account. It signifies the decision to opt out of the nomination process.