Mutual fund KYC: Now get mutual fund KYC done at home in the post office, know the whole process

You will now be able to submit the documents required for KYC in more than 1.64 lakh post offices across the country. The post office employees will help you fill the form, check your documents (such as Aadhaar, PAN card copy), sign them (attest them) and then send them to the right mutual fund companies.

Mutual fund KYC: There is big news for those who invest in mutual funds. Now you can get your KYC done by visiting any post office near you. The Postal Department has started this new facility. The Indian Postal Department and the Mutual Fund Association (AMFI) have jointly made this arrangement. This means that now you will be able to submit the documents required for KYC in more than 1.64 lakh post offices in the country. The post office employees will help you fill the form, check your documents (such as Aadhaar, PAN card copy) and sign them (attest) and then send them to the right mutual fund companies. AMFI will get this entire work done on behalf of all its mutual fund companies, so that your KYC gets registered.

Doorstep service for KYC

The best part is that you don’t even need to go to the post office! You can complete your KYC even from the comfort of your home. How?

1. Visit the Indian Post website (www.indiapost.gov.in).

2. Select the option of ‘door-step service’.

3. Book a time to call a postal employee to your home.

4. At the appointed time, a representative of the postal department will come to your home.

5. He will take the necessary forms from you and collect copies of documents, check them and attest them.

What is KYC?

KYC (Know Your Customer) means ‘Know Your Customer’. In simple language, it is a process where your identity (who are you?) and your address (where do you live?) are properly verified. For this, documents of proof of identity (such as Aadhaar, PAN) and proof of address (such as Aadhaar, electricity bill) are required.

How to get KYC done at post office?

If you want to get KYC done by going to the post office, then follow these easy steps:

1. First step: Go to your nearest post office where this facility is available (mostly in big post offices).

2. Take the form: Ask the post office employee for ‘KYC Registration/Update Form’.

3. Fill the form: Fill in the form carefully and correctly with information like your name, full address, PAN number, Aadhaar number and mobile number.

4. Submit documents: Submit self-attested copies of the required documents (proof of identity and address). Your identity can be verified through biometric (fingerprint) or OTP (code received on mobile).

5. Submit and get a receipt: Submit the form and documents and get a receipt.

6. KYC will be completed: Usually your KYC will be completed in 2 to 5 working days.

Check your KYC status – Online method

Checking whether your KYC is done or not is very easy:

1. Visit the website of any mutual fund company or KYC registration agency (KRA) website (like CVL, CAMS, KARVY, NDML).

2. Click on the link ‘KYC Status’.

3. Enter your 10 digit PAN number.

4. You will immediately see on your screen whether your KYC is ‘valid’ or not.

News