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On March 11, he was worth $90 billion – still $700 million behind Mukesh Ambani, making him India’s second richest man. His wealth has soared by $33 billion in 33 days.Ĭonsider the rate at which Adani’s wealth has climbed. With regards to the income range, account holders have been asked to choose and specify as to which income range their income falls in from a list given in the email.Adani, who’s a college dropout and first made his fortune in the coal industry, also is now the richest Asian ever and one of eight men worth more than $100 billion, according to the Forbes Real-Time Billionaires Tracker. Similar emails have been sent to their clients by ICICI Bank Demat Services. Even if the client buys shares, the shares cannot be transferred to his demat account till the time KYC attributes are updated and verified."Īs per emails sent by the Stockholding Corporation to their clients if KYC details with regards to PAN is to be updated, then one should ensure that their PAN is linked with Aadhaar in the income tax database. He adds, "If demat account cannot be activated, there would be hindrance in activating of trading account as well. In case of updation of mobile number and email ID, these will be verified before the demat account is activated." It means that demat accounts will not be activated by depositories till all the KYC attributes are updated.
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Prakash Gagdani, CEO, says, "If all the KYC attributes are not updated, especially the verification of mobile number and email ID, the demat account shall remain under 'Pending for Activation'.
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If these details are not updated, then your demat account will be deactivated by the depository and will not be activated till you update these details.
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