KYC Validation Links

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HAS YOUR KYC STATUS CHANGED?

Here’s what you need to know.

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 the following attributes of KYC:

PAN (including PAN Aadhaar linkage, as referred to in rule 114 AAA of the Income Tax Rules, 1962)
Name
Address
Client’s Mobile Number and EmailID

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



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 the official database (such as Income Tax database on PAN, Aadhaar XML/DigiLocker/M-Aadhaar) and Email ID/Mobile number(where provided) as follows :

KYC VALIDATEDKYC REGISTEREDKYC ON HOLD


WHAT ARE THE IMPLICATIONS?

KYC STATUSEXISTING AMCNEW AMC
KYC ValidatedNo implications.No implications.
KYC RegisteredAll financial transactions only in the AMC where investor already has investment are allowed.Investors 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 Hold.Investor will be able to transact after remediating the reason for KYC status On Hold.






  

KYC Contact details Validation Links:

KYC PAN Aadhaar Validation Links:



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