To All Members,
Sub: Trading supported by Blocked Amount in Secondary Market
This is with reference to Exchange notice nos. 20230626-68 dated June 26, 2023, 20231018-39 dated October 18, 2023, 20231211-51 dated December 11, 2023 and 20240117-40 dated January 17, 2024 regarding Trading supported by Blocked Amount in Secondary Market.
Under the UPI mechanism, the primary holder's name and PAN undergoes verification against the Bank and Demat account details provided by the client. If disparities or mismatches are detected, the record will not be validated by the NPCI/Depositories and client will not be eligible for utilizing the ‘Unified Payments Interface (UPI)’.
It was communicated in Exchange Notice no. 20240117-40 that “only records uploaded through the UCC module with successfully validated PAN, bank details and demat details by 4:00 p.m. on the trading day will qualify for trading under UPI”. Please note that this time limit of 4.00 p.m. is now being revised to 3.00 p.m.
You are kindly requested to take note of this change.
In case of any queries/clarifications, you may reach us on the following contact details.
For and on behalf of BSE Ltd.
Umesh Hanjankar Poonam Pisat
Deputy General Manager Manager
Investigation Investigation |