Are you required to update your KYC by March 31 for stock and mutual fund investment?

Know Your Customer (KYC): If you have not updated your KYC by March 31, 2024 then your stock broking, demat, mutual fund, derivative, other accounts would be frozen. However as per a new circular dated March 28, 2024 existing investors satisfying a specific criteria need not update their KYC and their account would remain operational.
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