This initiative seeks to address the longstanding challenges investors face due to fragmented KYC procedures mandated by different regulators overseeing mutual funds, national pension system (NPS), insurance, and banking.
2 min read1 Feb 2025Integrating the dynamic QR code feature of PAN 2.0 with the Aadhaar card and the RBI’s digital ‘e-Rupee’ can become a game changer in ensuring ‘paperless KYC’ and ‘wallet-less’ secure financial transactions.
4 min read17 Dec 2024KYC validation is crucial for mutual fund investments. An incomplete KYC can hinder new investments and complicate current management. Use your PAN and Aadhaar to validate your KYC for smooth investing.
1 min read20 Nov 2024RBI has been turning up the heat to strictly enforce KYC guidelines, which mandate banks and other lenders to ask for proofs of address and identity from customers before opening bank accounts. Regulatory push has seen banks becoming more cautious in using services of third-party employees.
4 min read18 Nov 2024A key issue with with NDML and DotEx is that unlike other KYC registration agencies, they do not offer online options to validate the credentials of mutual fund investors
3 min read3 Jul 2024NRIs face significant hurdles, including extensive paperwork and complex KYC norms, when investing in India.Finding a reliable financial adviser is crucial for NRIs to navigate regulations, ensure compliance, and optimize their investment strategies.
5 min read12 Jun 2024RBI’s push is backed by its master circular from 24 April that mandated ARCs to follow these norms as prescribed in its KYC guidelines from 2016.ARCs face increased compliance costs and challenges, particularly with retail bad loans, as they adapt to stricter KYC guidelines.
4 min read3 Jun 2024From 1st April 2024, if the KYC status is ‘KYC validated’, investors can continue to invest seamlessly. If the status is ‘registered’, for new investments with new AMCs, they will have to submit KYC documents. If the status is ‘on hold’, there may be restrictions on certain transactions.
5 min read13 May 2024Kentucky governor predicts trip to Germany and Switzerland will reap more business investments
2 min read3 May 2024The regulator has proposed stricter KYC guidelines that payment aggregators or fintechs that facilitate digital payments need to follow before onboarding merchants
3 min read24 Apr 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared