Investors can freeze or block their own demat accounts from July 1: Sebi

Sebi issued a circular on Friday (January 12, 2024), saying that investors can freeze or block their own demat accounts the same way as they do with their bank accounts.

Investors can freeze or block their own demat accounts from July 1: Sebi
In a circular issued on Friday, the Securities Exchange Board of India (Sebi) said that rules related to demat account freeze would come into effect from July 1. Photo: File/Representational

Sebi on Friday (January 12, 2024) said that investors would soon have the facility to freeze or block their demat accounts the same way they can do with their bank accounts.

In a circular issued on Friday, the Securities Exchange Board of India (Sebi) said that rules related to demat account freeze would come into effect from July 1. 

Sebi also said that it would issue guidelines on making exchange rules effective by April 1.

A demat account is necessary for an investor for trading in the share market.

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Reported By: Brajesh Kumar
Written By: ZeeBiz WebTeam
Updated: Fri, Jan 12, 2024
08:20 PM IST
New Delhi, ZeeBiz WebDesk
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