Get your KYC Online


If you are a first time investor trying to open a bank account or trade or invest in mutual funds, you are likely to have come across a term called KYC.
KYC stands for Know Your Customer, and is a process you need to go through, to be able to deal with any financial institution in India.

 

What is KYC?

KYC validates your identity, address and signature among other things and is a prerequisite for investment in mutual funds, trading and even opening of a bank account. Without valid documents for KYC the financial institution in question, (bank or Asset Management Company) may refuse you the opportunity to open a bank account or grant permission for trading and investment in any mutual fund schemes.

Why KYC?

The Reserve Bank of India, the apex bank of the nation has made KYC compulsory for all banks and financial institutions in 2004. KYC is of primary importance as not only an identity proof but also a safeguard against money launderers or other criminal activities.



List of documents needed for Online KYC

ekyc_list_of_documents

How to do the KYC process online?

If you do not have the time to go through the KYC procedure offline and wondering if KYC can be done online, the answer is 'YES'.
e-KYC eliminates physical paperwork and in-person verification that is needed in case of regular KYC registration. RelianceSmartMoney enables you to do your KYC online in just 6 easy steps.

The key objective of e-KYC is to reduce paperwork and cut down on turnaround time of completing your KYC formalities online in real time in a few easy steps. You can thus complete your KYC formalities in a matter of minutes and proceed to make your first purchase at the same time.

                                                                             Get your online KYC to open an account and start trading now.