No. the entire bank account will not be blocked. Only the amount to the extent of
application money authorized in the ASBA will be blocked in the bank account. The
balance money, if any, in the account can still be used for other purposes.
For any additional information please call us: 080 – 68 24 84 94
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KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.