Know Your Customer (KYC) is a financial services industry standard that determines a customer's identity as well as other characteristics such as income levels, business expectations, and so on, allowing both the customer and the firm to conduct business more easily.

Furthermore, it is a SEBI requirement that all clients who wish to trade in the securities market complete the KYC registration process, which the broker assists throughout the account opening process. All of the information is kept on file by the KYC registration agency (KRA).

You may check your KYC status by logging into CVL KRA, going to KYC inquiry, and entering your PAN to get your status.

Let's go over all of the KYC requirements:

When your KYC status has been correctly updated in the KRA agency, it will show as registered/approved.

If you've just opened an account with us, your KYC status will be marked as pending. Because it takes time to update, you will have to wait for 4-5 working days.

It's possible that your account is on hold or has been refused because your previous broker did not provide accurate information to the KRA agency, or because you uploaded incomplete paperwork during the account establishing process.

Note: If your account has been dormant for more than a year, the KYC must be changed in our records. To do so, follow the steps below.

Regulators require KYC, as previously stated, and if your account is not updated, it may be blocked.