"Prevent un-authorized transactions in your account. Update your
mobile numbers/email ids with your stock brokers and depository
participants. Receive information of your transactions directly from
the exchange or depository on your mobile/email at the end of the day
issued in the interest of investors"
"KYC is one-time exercise while dealing in securities markets-once KYC
is done through a Sebi registered intermediary (broker, DP, mutual
fund, etc.), you need not undergo the same process again when your
approach another intermediary.
"No need to issue cheques by investors while subscribing to IPO. Just
write the bank account number and sign in the application form to
authorize your bank to make payment in case of allotment. No worries
for refund as the money remain in the investor's account."