What is Mutual Funds?
Digital KYC (Know Your Customer) is an online process that allows investors and customers to verify their identity electronically without the need for physical documentation or in-person verification. It is a secure, paperless, and convenient method regulated by the SEBI, RBI, and AMFI for onboarding customers in financial services such as mutual funds, insurance, banking, and investment platforms. Digital KYC ensures that financial institutions comply with regulatory norms while making it easy for customers to start their investment journey quickly and safely. The process uses digital tools like Aadhaar e-KYC, PAN verification, video KYC, and OTP-based authentication to confirm the investor’s identity and address.
What is Digital KYC and How to Complete It?
Digital KYC (Know Your Customer) is an online process that allows investors and customers to verify their identity electronically without the need for physical documentation or in-person verification. It is a secure, paperless, and convenient method regulated by the SEBI, RBI, and AMFI for onboarding customers in financial services such as mutual funds, insurance, banking, and investment platforms. Digital KYC ensures that financial institutions comply with regulatory norms while making it easy for customers to start their investment journey quickly and safely. The process uses digital tools like Aadhaar e-KYC, PAN verification, video KYC, and OTP-based authentication to confirm the investor’s identity and address.
Steps to Complete Digital KYC
1. Visit the KYC Registration Portal
Go to an authorized KYC Registration Agency (KRA), Mutual Fund platform, or
financial institution offering digital KYC services.
2. Complete you KYC : https://www.utimf.com/investor-services/digital-kyc – Digital KYC
3. Enter Basic Details
Fill in your name, PAN number, date of birth, email ID, and mobile number as per
your official documents.
4. Aadhaar Authentication
Link your Aadhaar number for instant e-verification using OTP sent to your
registered mobile number. This step helps auto-fetch your demographic details such
as address and date of birth.
5. Upload Documents
Upload scanned copies or images of required documents:
o PAN card (identity proof)
o Address proof (Aadhaar, Passport, or Driving License)
6. Selfie or Video Verification
Complete a live video KYC or selfie capture as instructed on the platform. This step
confirms your physical presence and identity authenticity.
7. E-Sign Declaration
Verify and e-sign your KYC form using your Aadhaar-linked OTP for final
submission.
8. Verification and Approval
Once submitted, your details are verified by the KRA or financial institution. Upon
approval, your KYC status is updated as “KYC Registered” and you can start
investing or transacting immediately.
Benefits of Digital KYC
100% Paperless and Contactless process
Instant verification and approval
Safe and secure data handling
No need to visit any branch or submit physical forms
Seamless onboarding for Mutual Funds, NPS, and other financial products
Steps to Complete Digital KYC
1. Visit the KYC Registration Portal
Go to an authorized KYC Registration Agency (KRA), Mutual Fund platform, or
financial institution offering digital KYC services.
2. Enter Basic Details
Fill in your name, PAN number, date of birth, email ID, and mobile number as per
your official documents.
3. Aadhaar Authentication
Link your Aadhaar number for instant e-verification using OTP sent to your
registered mobile number. This step helps auto-fetch your demographic details such
as address and date of birth.
4. Upload Documents
Upload scanned copies or images of required documents:
o PAN card (identity proof)
o Address proof (Aadhaar, Passport, or Driving License)
5. Selfie or Video Verification
Complete a live video KYC or selfie capture as instructed on the platform. This step
confirms your physical presence and identity authenticity.
6. E-Sign Declaration
Verify and e-sign your KYC form using your Aadhaar-linked OTP for final
submission.
7. Verification and Approval
Once submitted, your details are verified by the KRA or financial institution. Upon
approval, your KYC status is updated as “KYC Registered” and you can start
investing or transacting immediately.