Also Read: 'KYC is a problem crying to be fixed', laments Edelweiss MF's Radhika Gupta The first thing that you need to do is check your KYC status. To check your KYC status: 1. Visit the https: //www.cvlkra.com/ 2.
Go to the 'KYC Inquiry' tab, enter your Permanent Account Number (PAN) and submit. 3. You will see a status such as 'On Hold', 'Registered', 'Validated', or 'Rejected' and the KYC Registered Authorities (KRAs) that are in charge of your KYC.
KYC status may be put on hold for several reasons: 1.Use of non-officially valid documents (OVDs) such as utility bills, 2.Aadhaar and PAN is not linked , or 3.Outdated contact details. The impact of an 'On Hold' KYC status includes restrictions on various financial transactions such as starting new Systematic Investment Plans (SIPs), making new investments, or redeeming existing investments. Before doing this, make sure that your phone is registered with Aadhaar as you will receive OTP on your Aadhaar-registered mobile number.
Moreover, the online method might not work if you had shared utility bills or other non-valid OVDs. In this case, you might have to share a physical KYC with your service provider Or fund house. If you have investments with other KRAs, you have to validate your contact details through their links.
You can find your KRA when you check your KYC status. Karvy KRA: https://www.karvykra.com/KYC_Validation/Default.aspx CAMS KRA: https://camskra.com/pan_aadhaarlink.aspx NDML KRA: https://kra.ndml.in/ClientInitiatedKYC-webApp/#/ClientinitiatedKYC 2. Your “On Hold" Status might be due to non-validation of your phone number or email id.
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