What is EKYC?
EKYC is a first step and a key requirement to start investing in Mutual funds. It’s a paperless Aadhar-based online process for fulfilling your KYC (Know your customer) requirements. It is a onetime centralized process that is, if you register your EKYC with one fund house, it is valid for all your investments with ALL fund houses.
What do you require to complete your EKYC?
- Internet connection
- PAN card
- Aadhar card
- Your mobile phone (Must be linked to your Aadhar card)
Steps to get your EKYC done:
Some recommended websites you can consider to complete your EKYC:
- L&T: https://www.ltfs.com/companies/lnt-investment-management/ekyc.html
- CAMS: https://www.camsonline.com/MyCAMS/ekyc-services.aspx
Points to remember while registering your EKYC
- EKYC based on aadhar-OTP has a limitation of investing Rs.50000 per fund house per financial year.
- If your investment requirements exceed this limit you can opt for CKYC or Biometric based aadhar EKYC. These are also online centralized processes but may require a branch visit and a processing time of 2 weeks. The advantage being there is no restriction on the investment amount after you finish CKYC or Biometric EKYC.
- Check your KYC status on any of the sites mentioned above, by just entering your PAN/aadhar number after registering for EKYC.
Complete your EKYC now to start investing