Are you covered on all the regulatory parameters ?

Income Declaration

If you haven’t submitted your income declaration for your trading & demat account with us in the past 12 months then you can submit the same by following any one of the given processes TODAY

Process to Update income declaration

• Option 1
• Option 2
• Option 3
• Option 4

Difference in name as per trading account/ UCC and name as per Income tax website

If there is a difference in name as per trading account / UCC and in the name as per the income tax website then we will require the below confirmations from you:

• You need to give your consent to us via email from your registered email id at Helpdesk@edelweiss.in that your name in your trading account / UCC can be modified as per your name on Income Tax website along with the duly signed Modification form (click here to download modification form).

• Scanned image of your PAN card which clearly shows your name matching as per the Income Tax website records OR Proof of any other document / application initiated by you for change of name and submitted to Income Tax authorities.

• The above documents should reach us in soft copy (email from your registered email id) as soon as possible to enable us to undertake the necessary changes. Please click here to view the name change process and do make a note of the documentation required to support the name change request Subsequently, the duly signed modification form needs to be submitted to the nearest Branch/Authorised Person within 5 days. Click here to view the modification form template and Click here to locate nearest branch.

• Please refer to the separate email communication sent to you in this regard.

• Post the changes, we will communicate the same to you.

Advisory - KYC Compliance

• All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.

• The last date to update KYC is on or before June 30^th, 2022.

• Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.

• The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.

• On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.

• The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.

• To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.

• The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements

As per the recent exchange circulars it is now mandatory to update your nomination details in your trading and demat account

Here’s how you can submit your nomination details with us:

• Click here to download, fill and submit the physical nomination form at our nearest branch on an immediate basis.

• Please note there is an opt in /opt out option as well with reference to the nomination process & the options are available in the form. It is mandatory to choose anyone option by 30^th June 2022 failing which if not done by 25^th March 2022, fresh transactions will not be allowed in the account and on 30^th June 2022 the trading and demat accounts will get deactivated.

• Click here to view the detailed circular in this regard.

• In case you decide to opt in for nomination then along with the fully filled nomination form with signature of all joint holders is required.

• You need to tick mark on the form and submit ANYONE of the following documents and give proof for the same for nominee:

  • Photograph and Signature: Nominee photo and signature

  • PAN: Mention PAN number

  • Aadhaar: Mention Aadhaar Number

  • Saving Bank account no.: Need to mention bank account number

  • Demat Account ID: Need to mention Edelweiss DP account number

  • Proof of Identity: Any proof of Nominee (Aadhaar, Passport, Driving license, Voter’s ID) Need to submit copy of proof of identity duly attested by the nominee.

  • In case you decide to opt out of nomination, then only nomination form is required with signature of all joint account holders is required.

Is your PAN linked to your Aadhaar?

Here’s how you can check the linking status in a jiffy! To check status Click here.

Methods to Link PAN with Aadhar:

• Method 1 - By visiting the Income Tax e-Filing website (Suggested)

  • Click here to be taken directly to the relevant page on the Income Tax e-Filing website

  • Once there, follow the listed steps to link your PAN and Aadhaar in minutes

• Method 2 - Via SMS

  • Send an SMS to 567678 or 56161 from your Aadhaar-registered mobile number in the following format:
    UIDPAN <12-digit Aadhaar Number> <10-digit PAN>
    Eg: UIDPAN 123456789012 ABCDE1234P

• Method 3 - By physically filling a form

  • You can also visit a designated PAN Service Centre and manually fill the specified form.