The National Stock Exchange of India limited vide its notification dated 18th December 2020 has decided to restrict the limit of 30 bank accounts to client banks only and exclude the settlement bank accounts.
Further, in case, if the member has more than 30 such bank accounts, then members are directed to close the excess bank accounts named as “Name of Stock Broker – Client Account” by December 31, 2020 and in case of closure of any of the reported bank accounts, the same shall be communicated to the Stock Exchanges within one week of its closure.
