Prevent Unauthorized Transactions in your trading --> Update your mobile number, email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create a pledge.
KYC is one time exercise while dealing in securities markets --> once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Prevent Unauthorized Transactions in your DEMAT account.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.
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