What Happens if your Account Opening Application is put on Hold?
If your account opening application is put on hold, 021 Trade will notify you of the exact reason along with the required corrections.
Why Is My Account Opening Application on Hold?
As per SEBI regulations, the KYC Registration Agency (KRA) is required to validate your KYC documents within 2 working days. Accordingly:
- If your KYC is not Previously Registered and you are completing it through DigiLocker, you must complete the required corrections within 3 days.
- If your KYC is Already Registered prior to initiating the account opening process, you will have 15 days to complete the corrections.
What Happens If Corrections Are Not Completed?
If the required corrections are not completed within the specified timeline, your application will be reset, and you will need to restart the account opening process from the beginning.
