Aadhaar Based e-KYC FAQs
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Aadhaar based e-KYC is an online service provided for first time investors to mutual funds to become KYC complied using their Aadhaar number. This is an electronic service and is completely paperless.
- This service is available to all first time investors to mutual funds who are not KYC complied and have a valid Aadhaar number.
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Step 1: Once redirected to the e-KYC page, select Aadhaar OTP as the verification process
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Step 2: Enter the email ID and mobile number registered against your Aadhaar
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Step 3: Verify the OTP sent
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Step 4: Upload a copy of PAN and provide required information
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Step 5: Provide the OTP sent to update Address details from Aadhaar
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Step 6: Upload a signed cancelled cheque to verify bank details
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Step 7: Upload a copy of signature and confirm details
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Step 8: Proceed to e-Sign the document
- No, this is a completely paperless transaction and everything will be done electronically.
- No, Aadhaar based e-KYC does not require any in person verification.
- No, there are no restrictions to investments for all new KYCs that have been done using the new Aadhaar e-KYC process after 4th June 2020.
- OTP is sent by UIDAI to the mobile number that is availablein the UIDAI database and registered with the Aadhaar number.
- You can regenerate OTP by using the Resend OTP option.
- If your mobile number registered with UIDAI differs from your existing mobile number then you will have to update your mobile number with UIDAI first.
