Post Office KYC- It has become very easy for new investors to do their KYC. They can easily get KYC done by visiting the nearest post office. According to the information received, the Post Office has signed a Memorandum of Understanding (MoU) with the Association of Mutual Funds in India (AMFI) to provide KYC verification and document collection services through its more than 1.64 lakh post offices.
This initiative will make it easier for new mutual fund investors to do KYC verification. The Department of Posts (DOP) will provide KYC verification and paper collection service for mutual fund investors through its post offices. The employees of the Department of Posts will assist investors in filling KYC forms, verifying self-attested documents, and transferring them to asset management companies (AMCs).
How to get KYC done in post office?
- Visit the nearest post office where KYC facility is available (most major branches provide this service).
- Go to the counter and ask for KYC update/registration form. Fill your name, address, PAN, Aadhaar, mobile number etc. correctly in the form.
- Submit the required documents. Biometric or OTP verification will be done. Submit and get the receipt. KYC will be updated in 2 to 5 working days.
What is KYC?
Know Your Customer (KYC) means identifying and verifying the identity of the customer and the identity of the beneficial owner through the documents submitted for Proof of Identity (POI) and Proof of Address (POA) and complying with the rules, regulations, guidelines and circulars issued by the Board or any other authority for anti-money laundering from time to time.
How to check Mutual Fund KYC Status?
- Visit the website of any mutual fund company or registrar and transfer agent (like CAMS, KFintech).
- Click on KYC Status or KYC Check link.
- Enter your 10-digit PAN number.
- Your KYC status will be displayed on the screen, like: Validated, Registered, On Hold or Rejected.