General

Why am I asked to update my personal details or general profile every year?

ICICI Securities requests you to update your personal details and general profile annually to meet regulatory requirements and to ensure smooth, secure, and uninterrupted service.

Here’s why this annual update is necessary:

1. Regulatory Compliance: Regulators mandate all customers to confirm or update their 6 KYC attributes (Name, Address, Email, Mobile Number, PAN, and Income) once every year. On login, you may receive a prompt showing your details — simply verify and confirm, or update if required. You can also make changes anytime via Settings → General Profile.

2. Changes in Personal Information: Over time, personal information such as address, contact details, employment status, or income range may change. Updating these ensures ICICI Securities has your latest information on record.

3. Risk Management: Outdated data can lead to failed communications or unauthorized access to accounts. Regular updates reduce such risks and enhance account security.

4. Enhanced Due Diligence: Periodic verification helps ICICI Securities comply with SEBI/KRA regulations and maintain strong compliance standards.

5. Better Customer Service: Accurate details allow ICICI Securities to offer relevant services, alerts, and recommendations suited to your profile.

6. Account Continuity: Failure to update KYC information within the stipulated time may lead to accounts being frozen, deactivated or even closure by ICICI Securities as per regulatory guidelines. Timely updation ensures uninterrupted trading and investment access.