PAN KYC complaint
Your PAN should be KYC complaint for investing in Mutual Fund. Many of us face the notification that your PAN is not KYC complaint when try to invest Mutual Fund online. KYC complaint means your PAN card validated with KYC.
KYC complaint Pan is mandatory for investing in Mutual Fund. Existing investor PAN already is KYC complaint. They don’t need to submit KYC for further investment. You can also check your PAN KYC complaint or not by visiting this website https://www.cvlkra.com.
Required Documents for PAN KYC complaint
- A recent passport size photograph.
- Pan card copy.
- Address proof.
For address proof you can give copy of Aadhaar Card, Ration Card, Voter Id card, Passport and Bank Passbook.
The Association of Mutual Funds of India has facilitated a centralized platform through CDSL Ventures Limited. KYC information is maintained by centralized data base of CDSL Ventures Limited.
Procedure to make your PAN KYC complaint
CAMS KRA KYC SERVICES
Step1. Download KYC Form of Individual / KYC Form-Non-Individual).
Step2. Fill up the form and submit with all required document above mentioned to AMS office on your city. You find CAMS office nearby you here.
Step3. After verification you will received a letter that certifies the individual’s KYC compliance.
You can check your KYC status online by clicking here.
Visit any Mutual fund house or Bank and invest on Mutual Fund or start SIP. They ask you to submit KYC documents like your recent passport size color photograph, copy of PAN card and Address proof. And forward your KYC document to KYC registration agency (KRA). After verified your documents by KRA, your PAN card will be KYC complaint.
OPTION C: Aadhaar Based e-KYC
Many mutual fund houses provide Aadhaar based e-kyc registration. For e-KYC registration, Aadhaar card should be linked with mobile number.
Step1. Visit Mutual Fund website.
Step2. Click on e-KYC.
Step3. Submit your Aadhaar Number. The system will retrieve your data from UIDAI.
Step4. Enter one-time password which you will receive on your register mobile number and submit it.
Now you can invest on Mutual Fund. But there is a limitation; you can’t invest more than Rs.50000 per annum.
OPTION D: Video Based e-KYC
Some Mutual Fund house like Reliance Mutual Fund, HDFC Mutual Fund and Quantum Mutual fund introduced Video Based e-KYC for overcoming drawback of Aadhaar Based e-KYC. You can’t invest more than Rs.50000 per annum.
Step1. Visit Video Based e-KYC enable Mutual Fund website for example I am giving the link of Quantum Mutual.
Step2. Enter your name, Mobile number and email id.
Step3. Enter personal details and bank details.
Step4. Upload documents.
Step6. Make schedule for video call (eIPV) with customer care.
Step7. After complete electronic In-Person Verification, your PAN will be KYC complaint.
Now you can start investment in any Mutual Fund.