KYC (Know Your Customer) is a mandatory process required by SEBI (Securities and Exchange Board of India) for all demat and trading accounts. It ensures that the identity and financial details of customers are verified before allowing them to trade or invest.
 

At Lakshmishree, KYC is necessary to comply with guidelines from:

• SEBI (Stock Market Regulator)
• Stock Exchanges (NSE, BSE, MCX)
• Depository (CDSL)
• KRA (KYC Registration Agencies)
• CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India)
• PMLA (Prevention of Money Laundering Act)
   

Without completing KYC, you Cannot Open An Demat And Trading Account or trade in stocks, mutual funds, derivatives or commodities. KYC ensures security, prevents fraud, and helps in regulatory compliance.