KYC Updation Process & FAQs
Important updates regarding your KYC status mapping criteria as per recent SEBI risk management mandates.
Compliance Context
What are the KYC Changes?
As per the SEBI Circular, as a part of the risk management framework, the KRAs (KYC Registration Agencies) shall verify the following attributes of records of all clients within 2 days of receipt of KYC records: PAN (including PAN Aadhaar linkage), Name, Address, mobile number, and/or email address, mentioned in the KYC application form.
In addition to the above verification, wherever KRA can also verify the POA/POI document with official databases (such as Income Tax Department database on PAN, Aadhaar XML/Digilocker/M-Aadhaar), the KYC status shall be “Validated”, and such investors can seamlessly transact across all mutual funds.
Wherever the KRA cannot verify the POA/POI document with official databases but can verify the email id and/or mobile number, PAN Aadhaar linkage as applicable, the KYC status shall be “Registered”. Such investors can continue to transact in their existing mutual funds but will be subject to Re-KYC for investment in any new intermediary.
Impact on Investments Based on KYC Status
| KYC Status | Investments & Remediation |
|---|---|
| KYC ValidatedFully Compliant | Existing MF: No impact New MF: No impact Remediation: Not Required. When the KYC status is 'Validated', the investor can seamlessly transact in the securities market without the need for resubmission of KYC documents. |
| KYC RegisteredRestricted | Existing MF: No Impact. New MF: Allowed, subject to submission of fresh set of KYC documents. Remediation: Investors are encouraged to update/modify their existing KYC using Aadhaar as OVD (Officially Valid Document) to remediate the status to KYC VALIDATED for seamless transactions. |
| KYC Registered (with Aadhaar OVD)Restricted | Existing MF: No Impact. New MF: Allowed, subject to completion of Aadhaar validation* OR submission of fresh set of KYC documents. Remediation: KYC can remain in Registered status if: Aadhaar QR code is unreadable, online Aadhaar validation is incomplete, PAN-Aadhaar seeding is incomplete, or email/mobile validation failed/incorrect. Complete validation via your processing KRA. |
| KYC On-Hold / KYC RejectedAction Required | Existing MF: Transactions will not be allowed. New MF: Transactions will not be allowed. Remediation: Investors should ensure to update/modify their KYC details by visiting their respective KRA website or by submitting KYC modification forms/documents at AMC/RTA branches. |
Verification Centers
How do I check my KYC & Contact Status?
Please click the KRA site from the links given below, input your PAN, and submit to view your KYC Status with the details of the proof you have submitted.
KYC Status Inquiry Links
Contact Details Validation Links
Online KYC Data Modification Guidelines
To modify or update your KYC, please visit the portal link below. Investors must enter their PAN, and an OTP will be triggered and validated. Uploading of a PAN image is mandatory for all modification requests.
If the modification request is for any data other than Father's / Spouse's Name, Marital Status, Mobile No and Email ID, investors must upload valid OVDs for Address Proof. Signature images and photos are mandatory. While providing Aadhaar as OVD, please ensure to mask the Aadhaar number so that only the last four digits are visible.
Self-Attested Documents to Keep Ready (For E-Sign Redirection)
- Images of PAN
- Image of Signature
- Photo for upload
Allowed OVDs with Current Address
- Passport
- Driving License
- Proof of possession of Aadhaar number*
- Voter's ID issued by the Election Commission of India
- Job card issued by NREGA duly signed by a State Government officer
- Letter issued by National Population Register containing name and address
* Investors are encouraged to get KYC ‘Validated’ by submitting Proof of possession of Aadhaar number. When the KYC status is ‘Validated’, investor can seamlessly transact in securities market without the need for resubmission of KYC documents.
Please keep the mobile number registered with Aadhaar handy to update the OTP (One Time Password).
NOTICE: SEBI Regulatory Compliance Disclaimer
Estee Advisors Private Limited operates as a SEBI Registered Portfolio Manager under registration license number INP000003146. Investors are highly encouraged to get KYC 'Validated' by submitting Proof of possession of Aadhaar number to seamlessly transact in the securities market without the need for resubmission of KYC documents.
Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.