"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."