KYC (Know Your Customer) is Mandatory for all investors who wish to trade or invest in Equities, Futures & Options or Commodities on the stock exchange.
As per SEBI guidelines, every individual or entity must complete KYC before opening a trading and demat account with Lakshmishree. This helps in verifying identity, preventing fraud, and ensuring regulatory compliance.
Currently, there are No Exemptions from KYC. Even if you have completed KYC with another broker, you must still complete the process with Lakshmishree. However, if your KYC is already registered with KRA (KYC Registration Agency) or CKYC (Central KYC Registry), the verification process may be quicker.