What is a Voluntary Freeze of a Trading Account? And What Happens After My Account is Freezed?
With respect to recent regulatory guidelines Circular No.
SEBI/HO/MIRSD/POD-1/P/CIR/2024/4 dated January 12, 2024, and Exchange Circular
No. NSE/INSP/60277 dated January 16, 2024 aimed at enhancing the security and
flexibility of your trading activities.
A voluntary freeze of a trading account is a security feature that allows you to temporarily disable all trading activities on your account. This means you will not be able to place new orders, but you can still manage existing positions by contacting the dealing desk. This measure is designed to enhance the security of your trading account when you are not actively trading.
Once your account is freeze:
Your account will be restricted from all trading activities.
You can only square off open positions by calling our dealing desk at 89766 89766.
All your pending orders will be cancelled.
Fresh online order placement/trading will not be permitted while the account is frozen.