KRA Verification: Who Qualifies and What You Get
Learn how KRA verification works to ensure your trading account stays active and your KYC status remains updated across all brokers.
KRA verification is a process used to verify your identity and keep your Know Your Customer (KYC) details up to date. This ensures your information is consistent across all your different brokerage accounts.
Who it's for
This is required for anyone who holds a demat account for trading in the markets.
What you get
Once verified, you receive a unified KYC status. This means your identity information is recognized and shared across all your different brokers, making it easier to manage multiple accounts without repeating the same verification steps every time.
What it costs you
The process is free. Any necessary handling of the verification is managed by your broker.
The catch to know
If your KRA status is marked as "On Hold," you will be unable to trade. To fix this, you must re-verify your documents to ensure your information is current and accurate.
How to apply
- Contact your stockbroker to check your current status.
- Provide any updated identification documents if requested.
- Monitor your account status to ensure it remains active.