Do You need to update your KYC?

Posted On Thursday, Apr 25, 2024

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What changes as per the New Regulations effective April 1st, 2024

With the implementation of new KYC regulations, your KYC Status may no longer be valid for making investments. KYC Registration Agencies (KRAs) shall verify the following attributes of KYC:

PAN (including PAN Aadhaar linkage, as referred to in rule 114 AAA of the Income Tax Rules, 1962)



Name

Address

Mobile Number and Email ID

The records of those clients in respect of which all the above attributes are verified by KRAs with official database (such as Income Tax database on PAN, Aadhaar XML/DigiLocker/M-Aadhaar) shall be considered as valid records

To avoid any delays or interruptions while doing a transaction, it is worthwhile to check your KYC Status and update if required with Valid Documents

Above article is authored by Quantum.

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