Wednesday 9 March 2016

Simple ways to do your KYC formalities



If you’re trading in shares, or making any kind of investments in the share market – including mutual funds, you need to complete your KYC documentation. This is a mandatory process required by the SEBI.
KYC stands for Know Your Customer. It is a form that provides information about you to the SEBI, banks, the companies you are investing in and other intermediaries. Without a duly filled KYC, it is impossible to invest.
Previously, the KYC form had to be separately filled and submitted to each intermediary for their respective investment opportunities. However, now SEBI has centralized and streamlined this process by appointing KYC registration agencies or KRAs. CAMS, one of the oldest and most trusted mutual fund distributor in India operates as a KRA under the CAMSKRA division.

With CAMSKRA, filling and submitting your KYC form is a breeze. You can opt for any of these methods:

1. Visit the CAMSKRA Investor Service Center nearest you and submit he form along with relevant documents.
2. Log on to the CAMSKRA portal online and submit the form and documents online.
You can check the progress of your KYC form updation online. Once updated, you will be notified immediately. CAMSKRA also has a 24*7 toll free helpline that you can call to check or verify any doubts. Once submitted, you can make any kind of changes to your KYC details online. It is simple, easy and quick. 

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