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"Account Freezing" Facility
CDSL has introduced a "Account Freezing" facility for demat account holders, which allows a demat account holder to freeze all the securities held in a demat account. i.e. no transaction will be executed from the account. A demat account holder has an option to either freeze the entire demat account or to freeze only a specified ISIN in the demat account.
Features :
Some of the features of Account Freezing facility are as follows:
A demat account holder can utilize the Account Freezing facility as a safekeeping measure, as it temporarily "immobilize" the demat account.
The Freeze facility gives an option to the account holder to either freeze all the ISINs held in a demat account can or to freeze only specific ISINs.
A demat account holder can utilise the Account Freezing facility by giving the instructions to his/her DP through 'Freeze/Unfreeze Request Form'.
A demat account holder can use the freeze facility for blocking:
Only Debits i.e. Only credit of securities is allowed.
Only Credits i.e. Only debit of securities is allowed.
Both Debits as well as Credits in the account.
The duration of the Freeze can also be specified by a investor as:
Temporary i.e. for a specified period by specifying "Expiry" date.
Permanent i.e. Freeze expiry date is not specified.
Activated immediately or at a future date, by specifying the Activation Date.
