“New” KYC Norms

POSTED BY Bond Bhai ON December 7, 2012 9:19 pm COMMENTS (4)

I keep reading that the SEBI has come out with new norms KYC. What is it all about? How does it affect us as investors, who have been investing in stocks/MFs for sometime now? Do we need to do anything like submitting forms “in person” and such? Any ideas?

4 replies on this article ““New” KYC Norms”

  1. Do a search for
    “Done your KYC to invest in funds? Do it again in person”

    The livemint article will give you all the answers

  2. Pratibha says:

    In our case, status is shown as below even though we did not submit any doc in the very recent time that I am aware of…

    VERIFIED BY CVLKRA (MOD REQST RECD ON – 30 Nov 2012)

  3. Yes, You need to submit an annexure (likely 1 in your case) where you need to update your kYC with annual income or net worth and a few other details.

    Search for a one mint article on this Monika Halan

  4. Bond Bhai says:

    Also, Just to let you know – My status shows as “OLD RECORD SUBMITTED”. Not sure what it means!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today