Debit Freeze On Demat, Mutual Fund Accounts Lacking Nominee Details Revoked: Here’s What Sebi Said
Sebi has abolished the rule of a debit freeze on demat and mutual fund accounts lacking nomination details, but you should still update it; here’s why
![Debit Freeze On Demat, Mutual Fund Accounts Lacking Nominee Details Revoked: Here’s What Sebi Said](/_next/image?url=https%3A%2F%2Fs3.ap-south-1.amazonaws.com%2Fimages.outlookindia.com%2Fwp-content%2Fuploads%2F2024%2F06%2FNomination-300x200.jpg&w=256&q=75)
Sebi has abolished the rule of a debit freeze on demat and mutual fund accounts lacking nomination details, but you should still update it; here’s why
The portfolio value must be less than Rs 10 lakh for all securities (debt or non-debt) at any point to stay eligible for Basic Service Demat Account.
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