How to Get a KYC Acknowledgement Letter
From January 1, 2011, it is mandatory to be KYC (Know Your Client) complaint for anyone who wants to have transaction in Mutual Funds, however big or small the transaction amount may be. So, according to the CDSL Ventures Limited (CVL) norms, no one will be able to process any fresh Mutual Fund purchase from January 1, 2011, unless he/she is an MF KYC complaint.
You can always ask your broker to get you the forms and then submit them for your KYC. But here at OneHowto we are going to tell you how to get a KYC acknowledgement letter yourself.
Steps to follow:
The first step you need to take in order to get your KYC acknowledgement letter is to download the KYC form the following link:
https://www.investopedia.com/terms/k/knowyourclient.asp
You can choose the type of form you need (either an Individual or a non Individual form).
The next step is to enter all the details required in the KYC form correctly.
Attach a copy of the PAN card and the passport along with the KYC form. If you don’t have a passport then any document containing your address or similar proof would also be acceptable.
Find out where your nearest Point of Service (PoS) which accepts the KYC form and documents is. You can find your nearest PoS following this link. You'll need to visit the PoS in order to hand the previously mentioned form in.
Visit the PoS and then submit the following documents:
1. Original KYC Form with Photo and signature
2. Self attested copy of PAN Card
3. Self attested copy of Passport or document containing the address proof
Make sure that you are carrying the original documents along with the Xerox copy because they may want to check the originals.
Then, you'll only need to collect the KYC Acknowledgement Letter from your local Point of Service.
If you liked this article you may also be interested in knowing how to become an RTO officer or how to get an Indian equivalent for COC.
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