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      KYC Guidelines & Updates

      Everything you need to know about completing, updating, or modifying your KYC

      KYC Guidelines & Updates

      Everything you need to know about completing, updating, or modifying your KYC

      Overview

      • What is the change from 1st April 2024?
      • What are the attributes affecting your KYC status?
      • How can investors check their KYC status?
      • How can investor update their status to "KYC validated"?

      What is the change from 1st April 2024?

      SEBI vide circular SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated 11th August 2023, as a risk management framework advised that KYC Registration Agencies (KRAs) shall verify following attributes of KYC:s such as PAN, Name and Address with official database(such as Income Tax database on PAN, Aadhaar XML/DigiLocker/M-Aadhaar) and Email ID/Mobile number (where provided) as follows.

      • PAN (including PAN Aadhaar linkage, as referred to in rule 114 AAA of Income Tax Rules, 1962)

      • Name

      • Address

      • Clients Mobile Number and Email ID

      The records of those clients in respect of which all the above attributes are verified by KRAs with official database (such as Income Tax database on PAN, Aadhaar XML/DigiLocker/M-Aadhaar) shall be considered as validated records.

      • KYC Validated

      • KYC Registered

      • KYC On Hold

      What are the attributes affecting your KYC status?

      The KRAs have changed the KYC status of all existing KYC complied investors after validating above 4 attributes such as PAN, Name and Address with official database(such as Income Tax database on PAN, Aadhaar XML/DigiLocker/M-Aadhaar) and Email ID/Mobile number (where provided) as follows.

      • KYC Validated

      • KYC Registered

      • KYC On Hold

      What are the implications?

      KYC Status implications for existing and new AMC investors
      KYC StatusExisting AMCNew AMC
      KYC ValidatedNo implicationsNo implications
      KYC RegisteredAll financial transactions only in the AMC where investor already has investment are allowedInvestors need to submit the set of KYC documents every time they invest with a new AMC
      KYC On HoldInvestor will be able to transact after remediating the reason for KYC status On HoldInvestor will be able to transact after remediating the reason for KYC status On Hold

      How can investors check their KYC status?

      1. 1

        Visit your KRA website

        Links to KRA websites given below

      2. 2

        Click on KYC enquiry

      3. 3

        Enter your PAN details & Submit

      The details displayed will indicate the proof used for your KYC. For further assistance, contact the Mutual Fund or RTA helpline.

      List of KRA websites:

      • CVL
      • NDML
      • CAMS
      • NSE
      • KARVY

      How can investor update their status to "KYC validated"?

      Online
      Offline

      The investor can log on to any of the Mutual Fund's website and visit the page of “Register/ Update/ Modify KYC” and follow the steps such as entering his/her details and upload documents as required. Once the Email ID/Mobile number are validated and also other details entered/uploaded are validated by the KRAs with official data base (such as Income Tax database on PAN, Aadhaar XML/DigiLocer/M-Aadhaar), the KYC status will change to “Validated”. Kindly note only when the Aadhaar is used as Officially Valid Document and on successful validations by the KRAs – KYC status shall be updated as Validated.

      You can refer to below links and upload the required documents to validate your PAN:

      • CAMS KRA
      • CVL KRA
      • NSDL KRA
      • KARVY KRA