SEBI vide its circular SEBI/HO/MIRSD/DoP/P/CIR/2022/46 dated April 06, 2022 has given new guidelines to be followed by KRAs towards KYC registration. These new guidelines are effective 1st November 2022.
SEBI registered intermediaries including Mutual Funds can open a new account and allow transactions only on successful completion of KYC process by investors including independent validation by KRA (KYC Registration Agency).
CAMS, as RTA to the Mutual Funds serviced by us, is pleased to inform all new investors that they can complete the KYC process by using any of the below 2 options:
1. Completing KYC using Physical form
Please visit CAMS KRA website www.camskra.com to take a print of the KYC application form.
Validation of Mobile Number and Email Address: Investors are requested to mention their Mobile Number and Email Address in the KYC application form. SEBI registered KRA [KYC Registration Agency] will independently validate the mobile number and email ID by sending OTP to the investor. Investor must confirm the OTP number using the link sent to them. The same procedure will be applicable for any modifications to KYC records already registered with the KRAs.
Validation of Aadhaar: If investor submits Aadhaar as an OVD (Officially Valid Document) for new KYC registration, the Aadhaar details will be independently validated by KRA in addition to the process carried out by the respective SEBI intermediary. The data fetched from Aadhaar database (UIDAI) will be validated for the below mentioned attributes:
- Name of Aadhaar holder
- Photo as in Aadhaar data
- Address as in Aadhaar data
To complete this Aadhaar validation process, please scan the Aadhaar QR code using the feature CAMS KRA-Aadhaar QR Scanner available for limited purpose use in myCAMS mobile app (download myCAMS from Playstore). Please complete this process and submit the KYC application with supporting documents at the nearest CAMS/MF branches.
2. Completing KYC using Online mode
New investors can complete Aadhaar OTP based eKYC, a paper-less process, in myCAMS mobile app (available on Playstore) or https://mycams.camsonline.com/ to open a new folio and transact digitally.
Please note PAN & PEKRN (PAN-exempt KYC Reference Number) will continue as KYC identifier and KYC validation status will be shown in the KRA website.