---
title: "Your Accounts and Your Safety | RupeeCase Learn"
description: "KYC, demat and trading accounts, nominees, BSDA, UPI block, @valid UPI IDs, the CAS, voluntary freeze, scams, MTF and pledge, checked against SEBI circulars."
source_url: "https://www.rupeecase.com/learn/path-1/module-1-6-your-accounts-and-your-safety"
---

[Path 01 6 of 6](/learn/path-1/)Your Accounts and Your Safety[Path 01](/learn/path-1/)

On 31 March 2026 India had 22.5 crore demat accounts, 12.2 crore of them unique. In FY26 [SEBI](/learn/glossary#sebi)'s complaint system took in 61,788 complaints, and one in three was about a stock broker. When real money goes wrong, the cause is rarely a model. It is a login handed over, a nominee form left blank, a payment sent to the wrong account.

  **22.5 Cr**demat accounts at the two depositories

SEBI annual report, 31 Mar 2026

  **12.2 Cr**unique demat accounts, duplicates removed

SEBI annual report, 31 Mar 2026

  **61,788**complaints on SCORES, SEBI's complaint system, in FY26

SEBI annual report, FY26, table 8.2

  **20,756**of them against stock brokers, the largest group

SEBI annual report, FY26, table 8.4

This module is the plumbing: who holds what, how money moves, what you can switch on, and which scams to know. Every rule carries its SEBI circular and date, because several changed.

3By the end you can

1. Say what your trading, demat and bank accounts each do, and what KYC, nomination and BSDA rules apply from 1 Sep 2026.
2. Check a payee with an @valid UPI ID and SEBI Check before you pay.
3. Spot an account handler or a tip channel, and know where to complain.

3 terms this section turns on

From the module glossary; every term is in the Learn glossary too. Source: Module 1.6, Your Accounts and Your Safety.

## Three accounts, one KYC

A trading account at a broker places your orders, a [demat account](/learn/glossary#demat-account) at a depository participant holds the shares in your name, and your bank account settles the money. Module 1.1 covers why the shares stay yours. KYC joins the three, and you do it once: PAN is the single identifier, and a validated record travels to the next broker or fund house.

Read 3 more paragraphs, 162 words
Under SEBI's [KYC master circular of 12 Oct 2023](https://www.sebi.gov.in/legal/master-circulars/oct-2023/master-circular-on-know-your-client-kyc-norms-for-the-securities-market_77945.html), your PAN has to be operative. A KYC registration agency checks PAN, name, address, mobile and email, and a record it verifies against official databases is validated. A record it cannot verify stops you transacting until it is fixed.

Use your own mobile number and email, confirmed by [OTP](/learn/glossary#otp). A broker must upload a separate number for each client, except for family at your written request: spouse, dependent children and dependent parents.

If you hold one demat account worth up to ₹10 lakh, you can have a Basic Services Demat Account, BSDA. Its annual maintenance charge is capped at nil up to ₹4 lakh and ₹100 from ₹4 lakh to ₹10 lakh ([SEBI, 28 Jun 2024](https://www.sebi.gov.in/legal/circulars/jun-2024/facility-for-basic-services-demat-account-bsda-for-financial-inclusion-and-ease-of-investing_84470.html), in force from 1 Sep 2024). Since 31 Mar 2026 your participant rechecks every quarter and needs your active consent to keep you on a regular account ([SEBI, 24 Dec 2025](https://www.sebi.gov.in/legal/circulars/dec-2025/ease-of-investments-and-ease-of-doing-business-measures-enhancing-the-facility-for-basic-services-demat-account-bsda-_98667.html)).

## Nominees: the rule changed, so check the date

SEBI's [revamp of 10 Jan 2025](https://www.sebi.gov.in/legal/circulars/jan-2025/circular-on-revise-and-revamp-nomination-facilities-in-the-indian-securities-market_90698.html) set the limit at 10 nominees. The clause sat in a later phase, SEBI [moved its start date three times](https://www.sebi.gov.in/legal/circulars/dec-2025/deferment-of-timeline-for-implementation-of-phase-iii-of-nomination-circular-dated-january-10-2025-read-with-circular-dated-february-28-2025-and-july-30-2025_98314.html), and the [circular of 29 May 2026](https://www.sebi.gov.in/legal/circulars/may-2026/ease-of-doing-investments-modified-norms-for-nomination-in-demat-accounts-and-mutual-fund-folios_101703.html) replaced everything: up to 3 nominees per demat account or fund folio, from 1 Sep 2026.

  1. 10 Jan 2025**Up to 10 nominees**The revamp names 10 as the limit, from 1 Mar 2025.

  2. 28 Feb 2025**Three phases**The 10 nominee clause moves to 1 Sep 2025.

  3. 30 Jul 2025**Deferred**That phase moves to 15 Dec 2025.

  4. 11 Dec 2025**Deferred again**No date. It waits to be notified.

  5. 29 May 2026**A new circular**Up to 3 nominees. Earlier nomination circulars are superseded.

  6. 1 Sep 2026**In force**Nominate or opt out, on new and existing accounts.

Read 2 more paragraphs, 96 words
Only the nominee's name and relationship are mandatory, plus a date of birth for a minor. Contact details, share, an identifier and a guardian are optional. With no share given, the assets split equally. You can change a nomination as often as you like.

On a new single holder account you must nominate or sign an opt out declaration. It says your legal heirs may then need extra court documents, and that unclaimed holdings can pass to the Investor Education and Protection Fund. Joint accounts may skip it, and all holders must agree to any change.

Watch in the terminal: where are sessions, links and codes? A short tutorial on sample data.

## Paying in and getting paid

Three rules decide what happens to your money. A running account lets a broker keep your balance only on your signed permission, and you can revoke it. A UPI block keeps the money in your bank until the clearing corporation debits it. And an @valid UPI ID tells you the payee is a registered intermediary.

  1. **You block**Approve a block in your UPI app. The money stays in your bank.

  2. **You trade**Orders run as usual. The block counts as collateral.

  3. **Pay in**The clearing corporation debits only what you owe.

  4. **Pay out**Sale money goes to your bank, shares to your demat.

  5. **Release**Ask your broker to release the rest.

Read 3 more paragraphs, 217 words
Running account first. Unless you agree otherwise, a broker settles your funds within 24 hours of a payout. A running account lets it keep a balance and settle monthly or quarterly. You must sign it yourself, not through a power of attorney. Funds you ask for must reach you within one working day, and after 30 calendar days without a trade the whole credit balance comes back at the next monthly settlement ([SEBI master circular for stock brokers, 17 Jun 2025](https://www.sebi.gov.in/legal/master-circulars/jun-2025/master-circular-for-stock-brokers_94623.html)).

UPI block is optional, and it has no running account. SEBI's [circular of 23 Jun 2023](https://www.sebi.gov.in/legal/circulars/jun-2023/trading-supported-by-blocked-amount-in-secondary-market_73071.html) lets you trade without sending money to the broker. Since 1 Feb 2025 the larger brokers must offer either UPI block or a 3 in 1 account ([SEBI, 11 Nov 2024](https://www.sebi.gov.in/legal/circulars/nov-2024/trading-supported-by-blocked-amount-in-secondary-market_88339.html)).

The payee check comes from SEBI's [circular of 11 Jun 2025](https://www.sebi.gov.in/legal/circulars/jun-2025/adoption-of-standardised-validated-and-exclusive-upi-ids-for-payment-collection-by-sebi-registered-intermediaries-from-investors_94535.html). Since 1 Oct 2025 brokers and fund houses have UPI IDs that end in @valid plus a bank name, with a suffix such as .brk for a broker or .mf for a mutual fund. The pay screen shows a thumbs up inside a green triangle. That is the tell: SEBI says its absence warns that the payee may be unauthorised. Check any account number and IFSC code, or UPI ID, on SEBI Check.

## Watching your accounts

Your accounts talk back if you let them. The exchange texts and emails you the day's trades by the end of each trading day. A broker must keep proof of every order you place. One consolidated statement shows what you hold. And if something looks wrong, a voluntary freeze blocks online access to the trading account.

  Unauthorised trades were 22% of the complaints against brokers in FY26
  Complaints against trading members, received by the exchanges, FY26

    1. Service related**9,159**

    2. Unauthorised trades**4,389**

    3. Others**3,869**

    4. Payout not received**1,302**

    5. Brokerage and charges**1,189**

  SEBI annual report 2025-26, table 8.6, year to 31 Mar 2026. In FY25 unauthorised trades were 5,348 of 24,950.

Watching your accounts: the figures

The figures this section works with, pulled out of the text. Source: Module 1.6, Your Accounts and Your Safety.
Read 3 more paragraphs, 134 words
Alerts go to the numbers you confirmed. Your broker must also text and email you when it settles a running account. If a trade is disputed, it has to produce proof of the order: a recording, a log or a signed slip.

Once a month, read the CAS. Under SEBI's [circular of 14 Feb 2025](https://www.sebi.gov.in/legal/circulars/feb-2025/revised-timelines-for-issuance-of-consolidated-account-statement-cas-by-depositories_91927.html), a Consolidated Account Statement is emailed by the 12th day after any month in which a demat account or fund folio of yours had a transaction. With none, you get one in April and October. If the app and the CAS disagree, the CAS is the record.

Since 1 Jul 2024 brokers must offer a voluntary freeze, with a policy on how to ask, how fast it acts and how access returns ([SEBI, 12 Jan 2024](https://www.sebi.gov.in/legal/circulars/jan-2024/ease-of-doing-investments-by-investors-facility-of-voluntary-freezing-blocking-of-trading-accounts-by-clients_80597.html)).

## Scams that look like help

SEBI keeps warning about the same scripts: an unsolicited invite to a "VIP" or "free trading course" chat group, a profile posing as an expert or a celebrity, fake testimonials, an app offering an "institutional trading account" or "IPOs at a discount", and the "account handler", who takes your trading login, keys in trades and shares profits but not losses. Handlers are not registered with SEBI.

    **Myth**An account handler only trades my account, so my money stays safe in my own name.

    **Fact**SEBI says handlers take your login, key in trades and share profits but not losses. They are not registered, so SCORES and the exchange grievance route are closed to you.

  Reported online fraud losses grew about 41 times from 2021 to 2025
  ₹ crore reported by citizens, all kinds of online financial fraud

    1. 2021**551**

    2. 2022**2,290**

    3. 2023**7,465**

    4. 2024**22,848**

    5. 2025**22,495**

  [Ministry of Home Affairs, reply in Parliament](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2226441), 11 Feb 2026, calendar years 2021 to 2025. Data is dynamic and self reported.

Read 2 more paragraphs, 100 words
With an unregistered entity you get no SCORES, no exchange grievance process and no SMART ODR ([SEBI, 11 Apr 2025](https://www.sebi.gov.in/media-and-notifications/press-releases/apr-2025/caution-to-public-against-fraudulent-manipulative-activities-on-social-media-platforms-smps-related-to-securities-market_93444.html)). The scripts are in SEBI's notes of [21 May 2025](https://www.sebi.gov.in/media-and-notifications/press-releases/may-2025/caution-to-investors-on-stock-market-scams-through-social-media-platforms_94064.html), [22 Aug 2025](https://www.sebi.gov.in/media-and-notifications/press-releases/aug-2025/advisory-against-investment-in-fraudulent-trading-schemes-claiming-to-be-offered-to-indian-residents-by-fpis_96244.html) and [26 Feb 2026](https://www.sebi.gov.in/media-and-notifications/press-releases/feb-2026/caution-to-investors-on-stock-market-scams-through-account-handling-services_100030.html).

The derivatives module [Red flags in F&O](/learn/path-12/module-12-8-fo-red-flags) walks through the same scripts for options tips. SEBI's own checks are short. Is the entity on its [list of registered intermediaries](https://www.sebi.gov.in/intermediaries.html), and the app on its [list of trading apps](https://investor.sebi.gov.in/Investor-support.html)? Does the payee pass SEBI Check? Does a service call come from the 1600 series (SEBI, 11 Apr 2025)?

Watch in the terminal: does the app hold my money or shares? A short tutorial on sample data.

## Tips and pump and dump

A pump and dump talks a stock up so that insiders can sell into the buying. In an adjudication order of 30 Jul 2026, SEBI fined four people ₹10 lakh to ₹20 lakh each for posting misleading stock tips on messaging channels on 31 Jan and 1 Feb 2022. The messages the order records claimed at least 40 to 50% in 5 to 7 days. This is how that stock closed.

  After the tips, the stock fell 51.7% in 19 trading days

  The stock closed at ₹36.35 on 1 Feb 2022 and at ₹17.55 on 28 Feb, 51.7% lower.

  Daily closes, 27 Jan to 28 Feb 2022, from the table in SEBI's [adjudication order of 30 Jul 2026](https://www.sebi.gov.in/enforcement/orders/jul-2026/adjudication-order-in-the-matter-of-market-manipulation-using-social-media-in-the-scrip-of-moksh-ornaments-limited_103248.html) (an NSE listed stock). It fined those who posted the tips; it did not find that those accused of selling into the rise did so. A past case, not a forecast.

## Borrowed money: MTF and pledge

A margin trading facility, MTF, is a loan from your broker for part of a purchase. You pay interest on the borrowed part, and the shares bought with it are pledged to the broker. Only liquid Group I stocks and equity ETFs qualify: traded on at least 80% of days in six months, with an impact cost of 1% or less ([SEBI master circular, 17 Jun 2025](https://www.sebi.gov.in/legal/master-circulars/jun-2025/master-circular-for-stock-brokers_94623.html)). The broker marks the position to market daily and may sell if you miss a margin call.

Read 2 more paragraphs, 127 words
From the same circular: losses in connection with MTF are not covered by the exchange's Investor Protection Fund, and only corporate brokers with a net worth of at least ₹3 crore may offer it. SEBI floated changes in a [paper of 18 Jun 2026](https://www.sebi.gov.in/reports-and-statistics/reports/jun-2026/consultation-paper-on-review-of-margin-trading-facility-mtf-framework_102211.html), so check the current text. Borrowed money raises the loss as much as the gain.

A pledge is not a transfer. Shares offered as margin are pledged in the depository system and you confirm with an OTP. The broker gets a lien, not ownership: SEBI prohibits moving them into the broker's own account as margin. The DDPI, which replaced the old power of attorney for settlement and margin pledge, is optional, and a broker may not deny service if you decline it.

## Key takeaways

* One KYC, validated once, travels with your PAN to the next broker.
* From 1 Sep 2026 you name up to 3 nominees, or sign an opt out.
* A running account needs your signed, revocable consent; a UPI block keeps the money in your bank.
* Pay only @valid UPI IDs, and read the CAS each month.
* Account handlers are unregistered: no SCORES, no exchange route.
* MTF is a loan with interest, outside the Investor Protection Fund.

## How this shows up in RupeeCase

RupeeCase is a technology platform, not a fund or a PMS. It never holds your money or your shares. They stay in your own demat, with your own broker, and a withdrawal leaves the cash in your broker ledger.

  1. **Sign in**You sign in at your own broker, again each trading day.

  2. **Read**RupeeCase reads your broker cash. It never holds it.

  3. **Consent**Live orders wait until you tick the consent text.

  4. **Orders**They go only to the broker you chose.

  5. **Settle**The shares land in your demat.

The invest sheet starts on Practice, which places no order. In Live mode the app asks for consent at each investment, top up, withdrawal and rebalance. The [invest sheet](/learn/terminal/invest-sheet) and [Practice or Live](/learn/terminal/practice-vs-live) tutorials show both.

Two terms to hold on to from 1.6

From the module glossary. Source: Module 1.6, Your Accounts and Your Safety.
Read one more paragraph, 93 words
If your broker offers MTF, the sheets show an MTF block with its own "I accept the MTF terms" tick, and the rebalance sheet shows a margin warning. It is a loan with interest, and nothing in the app needs it. [Broker positions](/learn/glossary#broker-positions), under More options, sets your broker's holdings beside your portfolios and marks any gap. The tutorials [Broker positions: does the app hold my money or shares?](/learn/terminal/your-money-stays-at-your-broker), [Broker positions and gaps](/learn/terminal/broker-positions-and-gaps), [Cash at the broker](/learn/terminal/cash-at-the-broker), [MTF on the invest sheet](/learn/terminal/mtf-on-the-invest-sheet) and [Broker session expired](/learn/terminal/broker-session-expired) show each screen.

## Questions readers ask

Do I have to nominate?On a new single holder account, from 1 Sep 2026, you either nominate or sign an opt out declaration. Existing accounts without a nomination get a twice yearly message and a pop up at login.

A broker will not fix a trade I never placed. Where do I complain?Write to the broker first and keep the screens. Then use [SCORES](https://investor.sebi.gov.in/sebi_scores.html), where since Apr 2024 the entity must reply within 21 calendar days, and SMART ODR after that. Ask the broker for its evidence of your order.

I already paid a group. What now?Report it at once on the national helpline 1930 or at cybercrime.gov.in. SEBI also takes details of unregistered entities on its Market Intelligence portal.

Rules and figures in this module were last verified on 19 Oct 2026. Tax and regulatory rules change; check the source before acting.

What does Your Accounts and Your Safety cover?Three accounts, a handful of SEBI rules and a short list of scams. The plumbing that keeps your money and shares yours, with every rule checked against its circular and dated. It works through Three accounts, one KYC, Nominees: the rule changed, so check the date, Paying in and getting paid, Watching your accounts and more. It is module 1.6 of Path 1, Market Foundations, about 11 minutes of reading, free.

  AApply it on RupeeCase

## Nifty 50 Equal Weight
All 50 Nifty names, equal weight. The simplest card on the lineup. An index built on the rules this path teaches, entry level, lowest risk band on the lineup, held stock by stock in your own demat. Risk band: Moderate.

  [See the strategy](/strategies/nifty-50-equal-weight)[Sign up for RupeeCase](https://invest.rupeecase.com/signup?strategy=nifty-50-equal-weight)

  [CAGR16.4%Sharpe1.13Max DD−15.7%Minimum₹2,49,000Model figures back tested, as of 27 Apr 2026. Minimum as of 8 Aug 2026. Not client returns, not a promise.](/strategies/nifty-50-equal-weight)

QQuick check

## 10 questions, 7 to pass.
Pick an answer to each question; every answer is explained when you check. A pass gives this module's Certificate of Completion. Your result stays on this device and counts towards the Path 01 certificate.

7 of 10 correct passes module 1.6

Every answer is explained when you check; a retake is always free. Source: RupeeCase Learn quiz rules (70% to pass).

  Passed

###

  Certificate ID

Download PNGPrint or save as PDF[Check the ID](/learn/certificates/verify)
Self paced and unproctored. A record of completing free education by RupeeCase; not a NISM certificate and not endorsed by NISM, NSE, BSE or SEBI. It qualifies no one to deal, advise or publish research.

01Path test

## 35 questions. 25 correct earns the certificate.

This assessment covers everything in Path 1: Market Foundations, how Indian markets work, reading stock data, Nifty indices and benchmarks, reading financial statements, and the real cost of investing including tax, and the accounts, rules and scam checks that keep your money and shares yours. Questions cover modules 1.1 to 1.6, in a shuffled order, with no timer. Your score stays on this device.

* **35**questions
* **25**to pass (70%)
* **6**modules covered

Start the testOnly the path test decides the path certificate. The module quizzes are optional: pass them too for each module's own certificate and a tick on every stop.

  Passed

###

  Certificate ID

Download PNGPrint or save as PDF[Check the ID](/learn/certificates/verify)Retake the test
[All your certificates, and the master certificate](/learn/certificates)

CCheck yourself

## Path 01 so far.
Your quick check results on this device, stop by stop.

Stop 6 of 6 on Path 01

Market Foundations: every live stop, this module ringed. Source: RupeeCase Learn, Path 01.

1. [1.1How Indian Stock Markets WorkNot yet](/learn/path-1/module-1-1-how-indian-stock-markets-work)
2. [1.2Understanding Stock DataNot yet](/learn/path-1/module-1-2-understanding-stock-data)
3. [1.3Indices & BenchmarksNot yet](/learn/path-1/module-1-3-indices-and-benchmarks)
4. [1.4Reading Financial StatementsNot yet](/learn/path-1/module-1-4-reading-financial-statements)
5. [1.5Orders, Costs & TaxationNot yet](/learn/path-1/module-1-5-orders-costs-taxation)
6. [1.6Your Accounts and Your SafetyNot yet](/learn/path-1/module-1-6-your-accounts-and-your-safety#quiz)
7. [TPath test, 35 questionsNot yet](/learn/path-1/module-1-6-your-accounts-and-your-safety#pathTestSection)

    Explore next

## Put the module to work.

* [Free module 2.1Why Rules Beat Gut Feeling9 min read](/learn/path-2/module-2-1-why-rules-beat-gut-feeling)
* [TutorialThe account menu: where are sessions, links and codes?1:13 video, Basic](/learn/terminal/your-account)
* [TutorialMTF: what changes when the broker funds part of a buy?1:13 video, Basic](/learn/terminal/mtf-on-the-invest-sheet)
* [StrategyNifty 50 Equal Weight strategyNifty 50, 50 stocks, every 4 weeks](/strategies/nifty-50-equal-weight)
* [Learn guideIndian Stock Markets Explained: NSEA pillar guide across the paths](/learn/indian-markets)

      Community

## Join my WhatsApp group.

      Scan the code, fillFill one short form, and join my WhatsApp group. Slides, sources, factsheets and the rebalance logs live there, and members join a daily Google Meet with me.

      New to RupeeCase? [Getting started](/getting-started) [See the terminal](/terminal)

        [Sign up for RupeeCase](https://invest.rupeecase.com/signup)
        [Join the WhatsApp group](https://forms.gle/C6HMtM1Z2GfeocQV7)

      [One form, one group](https://forms.gle/C6HMtM1Z2GfeocQV7)Scan with your phone camera

SSources

## Where the figures come from.
10 sources, SEBI the most cited

The publisher of each source listed below. Source: Module 1.6 source list.
1. [SEBI circular SEBI/HO/OIAE/OIAE_IAD-3/P/CIR/2026/12676, 29 May 2026: modified norms for nomination (up to 3 nominees, in force 1 Sep 2026), which supersedes the circulars of 10 Jan, 28 Feb, 30 Jul and 11 Dec 2025 (10 nominees, deferred)](https://www.sebi.gov.in/legal/circulars/may-2026/ease-of-doing-investments-modified-norms-for-nomination-in-demat-accounts-and-mutual-fund-folios_101703.html)
2. [SEBI master circular on KYC norms for the securities market, 12 Oct 2023: PAN, KRA verification, validated records, mobile and email](https://www.sebi.gov.in/legal/master-circulars/oct-2023/master-circular-on-know-your-client-kyc-norms-for-the-securities-market_77945.html)
3. [SEBI circulars on the Basic Services Demat Account, 28 Jun 2024 (limits and charges, from 1 Sep 2024) and 24 Dec 2025 (quarterly reassessment, consent, from 31 Mar 2026)](https://www.sebi.gov.in/legal/circulars/jun-2024/facility-for-basic-services-demat-account-bsda-for-financial-inclusion-and-ease-of-investing_84470.html)
4. [SEBI master circular for stock brokers, 17 Jun 2025: running account settlement (paras 23.1, 48), alerts (34), proof of orders (35), DDPI (37), MTF (39; changes proposed in a consultation paper of 18 Jun 2026), margin pledge (42), and the voluntary freeze of trading accounts (50, circular of 12 Jan 2024)](https://www.sebi.gov.in/legal/master-circulars/jun-2025/master-circular-for-stock-brokers_94623.html)
5. [SEBI circulars on trading supported by blocked amount (UPI block), 23 Jun 2023 and 11 Nov 2024 (qualified stock brokers, from 1 Feb 2025)](https://www.sebi.gov.in/legal/circulars/jun-2023/trading-supported-by-blocked-amount-in-secondary-market_73071.html)
6. [SEBI circular of 11 Jun 2025 on standardised, validated @valid UPI IDs (live 1 Oct 2025), and the SEBI Check tool](https://www.sebi.gov.in/legal/circulars/jun-2025/adoption-of-standardised-validated-and-exclusive-upi-ids-for-payment-collection-by-sebi-registered-intermediaries-from-investors_94535.html)
7. [SEBI circular of 14 Feb 2025 on the Consolidated Account Statement (monthly, or half yearly in April and October)](https://www.sebi.gov.in/legal/circulars/feb-2025/revised-timelines-for-issuance-of-consolidated-account-statement-cas-by-depositories_91927.html)
8. [SEBI cautions on stock market scams: 11 Apr 2025, 21 May 2025, 22 Aug 2025 and 26 Feb 2026 (account handling services); adjudication order of 30 Jul 2026 on misleading tips](https://www.sebi.gov.in/media-and-notifications/press-releases/feb-2026/caution-to-investors-on-stock-market-scams-through-account-handling-services_100030.html)
9. [SEBI annual report 2025-26, published Aug 2026: demat accounts (table 4.6), SCORES complaints (tables 8.2, 8.4), complaints against trading members (table 8.6)](https://www.sebi.gov.in/reports-and-statistics/publications/aug-2026/SEBI%20ANNUAL%20REPORT%202025_26.pdf)
10. [Ministry of Home Affairs, reply in Parliament released 11 Feb 2026: financial fraud complaints and amounts reported on the national cyber crime portal, 2021 to 2025](https://www.pib.gov.in/PressReleasePage.aspx?PRID=2226441)

GTerms

## 12 terms from this module.
KYCKnow your client: the identity check done once through a KYC registration agency. A record verified against official databases is validated, and the next broker or fund house can fetch it.
BSDABasic Services Demat Account, for one demat account holding up to ₹10 lakh. The annual maintenance charge is capped at nil up to ₹4 lakh and ₹100 up to ₹10 lakh (SEBI, 28 Jun 2024).
NomineeThe person you name to receive your demat holdings or fund units after your death. Up to 3 nominees from 1 Sep 2026; a single holder must nominate or opt out (SEBI, 29 May 2026).
Running account settlementYour signed, revocable permission for a broker to keep a balance and settle monthly or quarterly. Without it, funds settle within 24 hours of a payout.
UPI blockYour money stays in your bank account, blocked in favour of the clearing corporation, which debits only what you owe. Optional, and there is no running account under it.
@valid UPI IDA UPI ID that ends in @valid plus a bank name, used by SEBI registered intermediaries since 1 Oct 2025. The pay screen shows a thumbs up inside a green triangle.
SEBI CheckSEBI's tool to confirm that a bank account number and IFSC code, or an @valid UPI ID, belongs to a registered intermediary.
CASConsolidated Account Statement: one emailed statement of your demat accounts and fund folios. Monthly if any had a transaction, otherwise in April and October.
Voluntary freezeA request to your broker to block online access to your trading account when you see suspicious activity. Brokers have had to offer it since 1 Jul 2024.
[MTF](/learn/glossary#mtf)Margin trading facility: a loan from your broker that lets you buy shares for more than the cash you have, paying interest on the borrowed part. Losses grow with the borrowing too.
Account handlerSomeone who asks for your trading login, keys in trades on your account and takes a share of profits. SEBI says handlers are not registered.
Pump and dumpA scheme that talks a stock up with tips so that insiders can sell into the buying.
[All 230 terms in the glossary](/learn/glossary)

[The podcastThe Tanmay Edge archive124 episodes, kept as a dated archive, not advice](/podcast/)[Pillar guideIndian Markets16 modules across paths 1, 6](/learn/indian-markets)

Education only, not investment advice. RupeeCase (QC Alpha Technologies Pvt Ltd) is not a fund, a PMS or a SEBI registered investment adviser. Model returns are back tested, not a promise; figures carry the date checked.