A comprehensive guide on verifying your KYC status and the necessary actions to be taken in relation to mutual funds is provided herein.

Know Your Customer (KYC) procedures are obligatory processes that mutual fund investors must adhere to in order to invest and redeem without any complications. It is crucial for both residents and non-resident Indians (NRIs).

If you have utilized any other method besides Aadhaar verification, you will need to redo or modify your KYC.

Here is a simplified guide on how to verify your KYC status, comprehend different KYC statuses, and determine any necessary actions.

For Indian Residents

The initial step is to verify your KYC status.

To verify your KYC status:

1. Access the website https://www.cvlkra.com/
2. Navigate to the ‘KYC Inquiry’ tab, input your Permanent Account Number (PAN), and submit.
3. You will be presented with a status such as ‘On Hold’, ‘Registered’, ‘Validated’, or ‘Rejected’, along with the KYC Registered Authorities (KRAs) responsible for your KYC.

Understanding your KYC status
Status: On Hold

KYC status may be placed on hold for various reasons, including:

1. Usage of unofficially valid documents (OVDs) such as utility bills.
2. Non-linkage of Aadhaar and PAN.
3. Outdated contact details.

An ‘On Hold’ KYC status has implications on financial transactions, such as limitations on initiating new Systematic Investment Plans (SIPs), making new investments, or redeeming existing investments.

What can you do?
Online Method

Before proceeding, ensure that your phone is registered with Aadhaar, as you will receive a One-Time Password (OTP) on your Aadhaar-registered mobile number.

Furthermore, the online method may not be applicable if you have provided utility bills or other non-valid OVDs. In such cases, you may need to submit a physical KYC to your service provider or fund house.

Steps

1. Visit the CVL Contact Verification page: https://validate.cvlindia.com/CVLKRAVerification_V1/
2. If you have investments with other KRAs, you must validate your contact details through their respective links. You can find your KRA when checking your KYC status.

Karvy KRA: https://www.karvykra.com/KYC_Validation/Default.aspx

CAMS KRA: https://camskra.com/pan_aadhaarlink.aspx.

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