We are upgrading our transaction portal and will be back soon.
Know Your Customer (KYC) can help you invest in an efficient and hassle free manner. Ensure that you have completed the KYC procedure before investing
KYC is an acronym for "Know Your Customer" and is a term used for Customer Identification Process as a part of Account Opening process with any financial entity. KYC establishes an investor’s identity & address through relevant supporting documents such as prescribed photo id (e.g., PAN card) and address proof and In-Person Verification (IPV). KYC compliance is mandatory under the Prevention of Money Laundering Act, 2002 and Rules framed there under, read with the SEBI Master Circular on Anti Money Laundering (AML) Standards/ Combating the Financing of Terrorism (CFT) /Obligations of Securities Market Intermediaries.
W.e.f January 2012, SEBI has set out revised KYC norms to make the process uniform across Securities Market and introduced a common KYC application form for all the SEBI registered intermediaries viz. Mutual Funds, Portfolio Managers, Depository Participants, Stock Brokers, Venture Capital Funds, Collective Investment Schemes etc.
The intermediary shall perform the initial KYC of its clients and upload the details on the system of the KRA (KYC Registration Agency). When the client approaches another intermediary, the intermediary can verify and download the client's details from the system of the KRA. As a result, once the client has done KYC with a SEBI registered intermediary, the client need not undergo the same process again with another intermediary.
Since November 2022 KRAs are required to perform extended independent verification, re-verification of KYC records on following additional aspects in a phase wise manner:
Accordingly, your KYC Status may have changed as below:
KYC Status | Existing Investor as on 31st March 2024 | New Investor | Remediation Required | How to Remediate |
---|---|---|---|---|
Validated | All transactions will be processed | All transactions will be processed | NA | NA |
Registered | All transactions will be processed | Transaction will be process if submitted along with fresh KYC application and supporting documents |
Investors to update ther KYC status to Validated for seamless processing of tranactions. Please note that "Wherever KRA can independently validate the POA/POI document with the source data [such as Income Tax Department (ITD) database on PAN, Aadhaar XML/DigiLocker/m-Aadhaar), and PAN-Aadhaar linking was successful or Not Applicable, Email and/or Mobile is validated, KYC status will be tagged as “KYC Validated” |
Investors must raise/provide a KYC modification request with a valid email and/or mobile number and supporting KYC documents i.e. Proof of Identity and Prrof of Address via any of the modes mentined below: Online: https://mfs.kfintech.com/investor/General/ValidateKYC Offline: Please download the KYC Form and submit to our nearest AMC office. |
On Hold/ Rejected | No transactions will be allowed until the KYC is remediated and status turns in to Registered/ Validated | No transactions will be allowed until the KYC is remediated and status turns in to Registered/ Validated |
Investors to update ther KYC status to Validated for seamless processing of tranactions. Please note that "Wherever KRA can independently validate the POA/POI document with the source data [such as Income Tax Department (ITD) database on PAN, Aadhaar XML/DigiLocker/m-Aadhaar), and PAN-Aadhaar linking was successful or Not Applicable, Email and/or Mobile is validated, KYC status will be tagged as “KYC Validated” |
Investors must raise/provide a KYC modification request with a valid email and/or mobile number and supporting KYC documents i.e. Proof of Identity and Prrof of Address via any of the modes mentined below: Online: https://mfs.kfintech.com/investor/General/ValidateKYC Offline: Please download the KYC Form and submit to our nearest AMC office. |
Investors can verify their KYC status through anyone of the KRA websites (details provided below) under KYC Inquiry and initiate action, (if any required) as per the information mentioned on the website. Investors can easily submit their re-KYC ( KYC modification) via their intermediary’s or Mutual fund’s website which are integrated with the KRAs. Thereafter, the back-end interoperability function of KRAs will seamlessly update the KYC records of the investor at the respective KRA.
KRAs also have dedicated helpdesks and call centres (details as below) where investors can call for any assistance or guidance.
KRA Name | Website | HelpDesk Number | |
---|---|---|---|
CVLKRA | www.cvlkra.com | 080-69144848 | cvlhelpdesk@cvlindia.com |
NDMLKRA | https://kra.ndml.in/kra- web/ | 022-4914 2600 / 01 / 02 / 04 / 05 / 06 | Info.kra@nsdl.com |
CAMSKRA | www.camskra.com | 18005726558 (Toll free) | enq_kyc@camskra.com |
DOTEX KRA | www.nsekra.com | 022 - 2659 8182 \ 8407 | dotex_kraops@nse.co.in |
KARVY KRA | www.karvykra.com | 8121096850 / 8019355102 | kra@karvy.com, abraham.kra@karvy.com |
For further information, please Click Here.
To initiate KYC modification, please Click Here.
The information and data contained in this Website do not constitute distribution, an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Baroda BNP Paribas Mutual Fund in any jurisdiction in which such distribution, sale or offer is not authorised. The material/information provided in this Website is for the limited purposes of information only for the investors. In particular, the information herein is not for distribution and does not constitute an offer to buy or sell or solicitation of an offer to buy or sell any Schemes/Units of Baroda BNP Paribas Mutual Fund to any person in the United States of America ( 'USA' )/Canada.
By entering this Website or accessing any data contained in this Website, I/We hereby confirm that I/We am/are not a U.S. person, within the definition of the term 'US Person' under the US Securities laws/resident of Canada. I/We hereby confirm that I/We am/are not giving a false confirmation and/or disguising my/our country of residence. I/We agree and acknowledge that Baroda BNP Paribas Mutual Fund / Baroda BNP Paribas Asset Management India is relying upon my/our confirmation and in no event shall the directors, officers, employees, trustees, agents of Baroda BNP Paribas AMC associate/group companies be liable for any direct, indirect, incidental or consequential damages arising out of false confirmation provided herein.