General

What are the 6 KYC attributes and why do I need to keep them updated?

The 6 KYC attributes are key personal details that financial institutions like ICICI Securities must capture and keep updated as part of the Know Your Customer (KYC) process.

These attributes are:

1. Name

2. Date of Birth

3. Gender

4. Permanent Address

5. Mobile Number

6. Email Address

Keeping these details updated with us is important for the following reasons:

1. Regulatory Compliance: As per regulatory guidelines, all customers must update these 6 KYC attributes once every year. Failure to do so can result in deactivation of trading facilities in the Equity, Derivatives, and Commodity segments.

2. Identity Verification: Updated details help ICICI Securities verify your identity and prevent misuse of your account.

3. Seamless Communication: A valid mobile number and email ID ensure you receive all important alerts, statements, and updates.

4. Risk Mitigation: Outdated information can increase the risk of identity theft or unauthorized access. Regular updates help prevent these issues.

5. Enhanced Due Diligence: Periodic updates allow ICICI Securities to comply with regulatory due diligence standards.

6. Better Service Experience: With accurate details, ICICI Securities can provide personalized and efficient services suited to your needs.

Note: Failure to keep the 6 KYC attributes updated can lead to accounts being deactivated for trading by ICICI Securities as per regulatory guidelines. Regularly updating KYC ensures compliance and uninterrupted access to trading and investment services.