How to do Video KYC on Finnsys client app ?
KYC is a mandatory process for an investor if he is first time investing in Mutual funds or stock market. To onboard the customer , make sure client has installed the app on his phone and has created an account and antered a valid PAN. The app would check and if his PAN is found not KYC-compliant he will be given the option to do a video kyc.
What documents does investor need for Video-KYC ?
There's two ID document required during a Video KYC:
1) Proof of Identity - PAN Card image
2) Proof of Address - Driving licence or Passport (Note: aadhar is not accepted)
3) Your signature on plain white paper.
Preparation before starting Video KYC?
1) Please position yourself in a well-lit place
2) Make sure your PAN card/Driving license or with you or in your phone's gallery.
3) Make sure you have you have your Aaahar number which is to be verified through an OTP.
===============================
Stage 1 - Upload Proof of Idenitity and address
Proof of Address - PAN card | Proof of Address - Drivers license (backside) or Passport (backside)
Stage 2 - Upload Signature and Selfie Photo
Stage 3 - Get ready for In-Person Verififcation (IPV)
Once video gets uploaded, next as per KYC norms, you will be required to e-verify your KYC application
using Aadhar OTP for which you will be redirected to the e-verification portal
Final Stage - Verify identity using Aaadhar
Once the Video-KYC process is completed, the investor needs to wait for 24-48 hours, for the KYC to be accepted, post which you can start investing in mutual funds.
In case of any issues related to the bove process, please get in touch with us at 90-1521-1521.
Next article in series :
Related Articles
How to do Video KYC on Finnsys client app ?
KYC is a mandatory process for an investor if he is first time investing in Mutual funds or stock market. To onboard the customer , make sure client has installed the app on his phone and has created an account and antered a valid PAN. The app would ...Why to upgrade to FinnSys 360 - Plan & benefits !
As you know that software and technology is an ever evolving process, wherein we all need to keep upgrading. Under a normal software plan the basic issue or dispute between the customer and the vendor comes at the point of payments /charges. A vendor ...How to get BSE Star MF API for integration in Finnsys ?
MFD Model (For ARN Holders/IFAs) SEBI vide its circular CIR /MRD/DSA/32/2013 dated 4th October, 2013 has allowed Mutual Fund Distributors to use re-cognized stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual ...What is Insta redemption Feature in Finnsys Client app ?
By instant redemption, we mean that the money will be available in your client's bank account in seconds after you press Redeem button for your investment. Liquid funds with Insta Redemptions - A new way to smart saving! 1. Investors can redeem up to ...What is Insta redemption Feature in Finnsys Client app ?
By instant redemption, we mean that the money will be available in your client's bank account in seconds after you press Redeem button for your investment. Liquid funds with Insta Redemptions - A new way to smart saving! 1. Investors can redeem up to ...