Facility to investors of voluntary freezing/de-freezing of Demat Accounts

By | January 25, 2024
(Last Updated On: January 25, 2024)

Facility to investors of voluntary freezing/de-freezing of Demat Accounts through Depository Participants (DP) or SPEED-e facility

If you wish to temporarily freeze/de-freeze your Demat Account for any reason, you can avail the facility of freezing your demat account by choosing Account level, ISIN level or Quantity level freeze anytime, anywhere by submitting a written request in the prescribed form to your Depository Participant (DP) or by subscribing to SPEED-e facility as e-Token User.   You can freeze your account for ‘Suspending for debit’ or ‘Suspending for debit and credit’. Freeze request executed by you through SPEED-e cannot be unfrozen by your DP. If your demat account is ‘Suspending for debit and credit’, no transactions are permitted in the demat account till the account is de-frozen. A frozen account can be de-frozen or re-activated on submission of written instruction by the demat account holder, in prescribed form to the DP or through NSDL’s SPEED-e facility.

 

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com