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E-KYC

Friday, August 5, 2016 by Indian Real Estate News





1 E-KYC is an Aadhaar based KYC verification service launched by UIDAI.

2 Sebi has declared that e-KYC shall be a valid process for KYC verification at the time of mutual fund account opening.

3 Investor details and photograph maintained under UIDAI as a result of e-KYC process shall be treated as sufficient proof of identity and address of the investor.

4 E-KYC enables the investor to complete KYC process online, thus reducing the turnaround time and paperwork involved.

5 The investor is required to authorise the mutual fund to access his data through the UIDAI system.

6 The investor must scan and upload address, id proof, photograph and application form for carrying out e-KYC.

7 In-person verification is done using real time video based chat.






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