About KRA


With a view to bring uniformity in the KYC requirements for the securities markets, SEBI has initiated usage of uniform KYC by all SEBI registered intermediaries. In this regard SEBI has issued the SEBI {KYC (Know Your Client) Registration Agency (KRA)}, Regulations, 2011. Pursuant to the aforesaid regulation, M/s. NSDL Database Management Limited (NDML) which is a wholly owned subsidiary of National Securities Depository Ltd (NSDL ), has been granted In-principle approval by SEBI to function as a KRA.


KRA provides for centralization of the KYC records in the securities market. The client who is desirous of opening an account/trade/deal with the SEBI registered Intermediary shall submit the KYC details through the KYC Registration form and supporting documents. The Intermediary shall perform the initial KYC and upload the details on the system of the KYC Registration Agency (KRA). This KYC information can be accessed by all the SEBI Registered Intermediaries while dealing with the same client. As a result, once the client has done KYC with a SEBI registered intermediary, he need not undergo the same process again with another intermediary.

Features of KRA system

Ø   Single KYC for investors investing in the markets through stock brokers, mutual funds, portfolio managers etc. On confirmation of KYC, the KRA shall dispatch acknowledgement letter to each and every client who has provided the KYC to the intermediary.

Ø   KRA system can be accessed online by all SEBI registered intermediaries like brokers, depository participants, mutual funds, portfolio managers etc for verification of KYC details of the investors.

Ø   Inter-operability among different KRA’s to determine whether KYC information of a client is already available with KRA.  

Ø   Dissemination of information of client to other intermediaries that are approached by the client to avail of their services for which KYC is required.

Ø   Maker – Checker concept in all the activities to ensure accuracy of data.

Ø   The system will have the necessary security feature to ensure that only authorized users have access to authorized functions.

Registration of Market Intermediaries:


SEBI registered intermediaries who are desirous of registering with NDML KRA are requested to submit duly filled ‘Intermediary Registration’ form, ‘Terms and Conditions’ and the   ‘User Creation’ Forms to KRA at the below mentioned address. The Intermediary registration process and the forms can be downloaded from here.


NDML KYC Registration Agency

NSDL Database Management Limited

A Wing, Trade World, 4th floor, Kamala Mills Compound

Senapati Bapat Marg ,

Lower Parel Mumbai – 400 013.