How to- Process for checking your KYC status

Check your KYC is register or Not.

SEBI provides an institutional mechanism for storing and maintaining KYC details for Capital Markets (Trading/Demat/MF) Clients in the country. This enables clients to maintain uniform KYC across all market relationships in one central location and eliminates the need for repeated KYC processes. The SEBI KYC Registration Agency Regulations, 2011 make this facility available.

What is KYC?

The abbreviation KYC stands for “Know Your Customer“. This process involves verifying your identity and address.

KYC or Know Your Customer is a reliable method for institutions to validate and authenticate a customer's identity.

To invest in different financial instruments, the customer needs to furnish all the essential KYC documents.

The Reserve Bank of India & SEBI mandates all financial institutions to conduct the KYC process for all customers before allowing them to carry out any financial transactions.

The customer can choose to complete the KYC verification online or offline, as it is a straightforward one-time process.

Type of KYC

There are two types of KYC verification processes available, and both are equally effective. The choice between the two comes down to personal preference and convenience. The two types are as follows:

Aadhar base KYC- This verification process is done online, making it highly convenient for those with a broadband or internet connection.

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To complete the KYC process, customers need to fill out their details online, including their Aadhar details. Once the details are submitted, an Aadhar OTP is sent to the customer. Upon entering the OTP, the KYC process is considered complete.

In-person Physical KYC – For in-person KYC verification, customers need to visit the institution where they conduct financial transactions.

They must fill out the KYC form and attach a photo, address proof, and PAN card. Finally, they need to sign the form to complete the process.

List of KRA – KYC Registration Agency

1. CDSL Ventures Ltd (CVL), a subsidiary of the Central Securities Depositories (India) Limited
2. NSDL Database Management Limited (NDML), a subsidiary of the National Securities Depositories (India) Ltd,
3. The National Stock Exchange’s agency – NSE Data & Analytics Limited,
4. BSE Technologies Pvt Ltd
5. CAMS Investor Services Private Limited
6. Karvy Data Management Services Limited (KDMS)

NSE KRA – KYC check

https://www.nsekra.com/

BSE KRA – KYC check

https://www.bsekra.com/kycenquiry.html

CAMS KRA – KYC check

https://www.camskra.com/

CVL KRA – KYC check

https://www.cvlkra.com/

NDML KRA – KYC check

NDML, a wholly owned subsidiary of NSDL, is registered with SEBI under these regulations to provide this service. NDML currently maintains KYC records for over 1.5 crore investors.

Your KYC record is being maintained by NDML KRA, and you can view the details by entering your PAN at https://kra.ndml.in/kra-web/jsps/pos/KYCClientInquiry_NEW.jsp.

KYC Registration Process

Here are some general steps that may be involved in the KYC verification process:

1. Check the KYC requirements: Make sure you understand the specific KYC requirements for the service or organization you are dealing with. This may include providing personal information such as your full name, address, date of birth, and government-issued identification documents such as a Addhar Card, Pan Card, passport or driver's license.
2. Provide the necessary information: Once you know what information is required, you will need to provide it to the organization. This may be done online through a website or app, or in person at a physical location.
3. Submit the required documents: If you need to provide identification documents, you may need to scan or take a photo of them and upload them to the organization's website or app. Alternatively, you may need to bring them in person to a physical location for verification.
4. Wait for verification: After submitting your information and documents, you will need to wait for the organization to verify them. This may take some time, so be patient.
5. Follow up if necessary: If you have not heard back from the organization after a reasonable amount of time, you may need to follow up with them to ensure your KYC verification is completed Or Check your status online.

Overall, the KYC verification process is designed to ensure that organizations comply with legal and regulatory requirements, and that they know who their customers are to help prevent fraud and money laundering.