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Inoperative PAN invest in mutual fund schemes: The market regulator, Securities and Exchange Board of India (Sebi), has provided relief to mutual fund investors to get KYC Registered status from KYC on-hold status. The KYC Registration Agency (KRA) is required to comply with the latest relief by May 31, 2024.
Mutual fund investors no longer need to link their PAN with Aadhaar to obtain 'KYC-registered' status.
Here's a straightforward guide on checking your KYC status, understanding different KYC statuses, and the subsequent actions you may need to take.
If your KYC status is on hold, you can consult your financial advisor, mutual fund distributor or investment portal to get it sorted.
Existing savings accounts can also be converted to a Salary Package account on submission of application, employment proof, salary slip/service certificate.