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Who is a politically exposed person?

Politically Exposed Persons (PEP) are individuals who are or have been entrusted with prominent public functions in a foreign country, heads of states or governments, senior politicians, senior government, judicial, military officers, senior executives of state-owned corporations, important political party officials, etc.

While opening an account, it is mandatory to declare this to the exchanges and regulator by selecting Yes or No to the question Are you a politically exposed person?

Select Related to one if a close relative is a PEP.

To update the status after the account is opened, see How can the DOB, gender, marital status, occupation, PEP status be updated on the Zerodha account?