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While the process of doing KYC once again looks simple, investors, distributors, and investment advisors have been complaining that even after submitting the required documents for KYC, there are delays in updating them at the KRAs' end. Unless the KYC is approved, the AMC could reject your application for fresh investments.
Financial Literacy News: Mutual Fund KYC issues: Records of many investors, particularly old-timers who completed KYC using documents other than PAN or Aadhaar, could not be v
Of these, 73% of the KYC records are under 'KYC Validated' status, 15% are under 'KYC Registered' status and the remaining 12% are under 'KYC On-Hold' status.
Learn about Aadhaar seeding and onboarding facility for Atal Pension Yojana (APY). Register for eAPY, know the eligibility criteria, and get answers to FAQs. Find out how contributions are invested in APY.
Nearly 2.4 lakh farmers enrolled under the PM Kisan scheme are not getting the benefits of this scheme because they are unable to link their Aadhaar Card with Bank Accounts.