KYC Changes from Apr 01 2024
As per the SEBI Circular SEBI/HO/MIRSD/FATF/P/CIR/2023/0144 dated Aug 11, 2023, as a part of risk management framework, the KRAs shall verify the following attributes of records of all clients within 2 days of receipt of KYC records:
PAN (including PAN Aadhaar linkage), Name, Address and additionally, the KRAs shall verify the mobile number and email id
If KRA is unable to verify the above attributes, such investors shall not be allowed to transact further until the attributes are verified. Please ensure to provide your valid contact details [Email id / Mobile Number] to KRAs.
Know your KYC Status and its Impact on transactions (static)
| KYC STATUS |
Investments in Existing MF |
Investments in New MF |
Remediation |
| KYC VALIDATED |
No Impact |
No Impact |
Not Required |
| KYC Registered |
No Impact |
Allowed, Fresh set of KYC documents to be submitted every time, investing in a new MF |
Investor can do a re-kyc using Aadhaar as OVD (Officially Valid Document) to remediate the status to KYC VALIDATED for seamless transactions in securities market |
| KYC On-Hold / KYC Rejected |
Transactions will not be allowed |
Transactions will not be allowed |
Investor should ensure to do the following to change the status to Registered
- to complete PAN Aadhaar Seeding
- update email id / mobile and validate
- re-submit the pending documents to KRA
Investors are suggested to do a re-kyc using Aadhaar as OVD (Officially Valid Document) to remediate the status to KYC VALIDATED for seamless transactions in securities market
|
General Guidelines to Investors
Investor has to submit the valid documents to KRAs to remediate the KYC status to Registered / Validated.
Investors can go to their respective KRA websites and initiate the modification requests or they can download the KYC form from KRA websites and submit to any of the investor service centers of AMC / RTA.
Investors to follow the steps given for modification, Email /Mobile number to be validated, and the other details entered by the investor will be validated by the KRAs with the official data base ( such as Income Tax database for Pan, and UIDAI database for Aadhaar related validations)
Investor can use any one of the below given OVDs, Kindly note only when the Aadhaar is used as OVD and on successful validations by the KRAs – KYC status shall be updated as Validated
- Passport
- License
- Proof of possession of Aadhaar number
- Voter’s Id issued by Election Commission of India
- Job card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name, address;
Check your KYC Status (click here)
Please click the KRA site from the links and options given, Input your PAN, and submit to see your KYC Status with the details of the proof you have submitted for your KYC.
VALIDATE YOUR CONTACT DETAILS in your KYC records by clicking your KRA links given below
How to remediate your KYC status from Registered to Validated
When the KYC status is “Validated”, Investor can seamlessly transact in securities market without the need for resubmission of KYC documents. Investor needs to do the modification of KYC by submitting Aadhaar as OVD.
Following KRAs allow through the below links to remediate the status to KYC Validated for their investors
CVL KRA https://validate.cvlindia.com/CVLKRAVerification_V1/ ***Aadhaar should have been already provided as an OVD, only those investors can validate their KYC using the above link
CAMS KRA https://www.camskra.com/PanDetailsUpdate.aspx
Please ensure to
- Validate your contact details
- PAN Aadhaar is already linked
- Keep the mobile number registered with Aadhaar handy to update the OTP (One Time Password).
Self-attested Documents to be kept ready while using the Online modification option as investors will be redirected to the e-sign process:
- Images of PAN
- Image of Signature
- Photo for upload
- OVD with current address ( Following are the allowed OVDs)
- Passport
- License
- Proof of possession of Aadhaar number
- Voter’s Id issued by Election Commission of India
- Job card issued by NREGA duly signed by an officer of the State Government
- Letter issued by the National Population Register containing details of name, address;
Please keep the mobile number registered with Aadhaar handy to update the OTP (One Time Password).
KRA Contact Points