OVD DOCUMENTS

NFC sticker powered by RuPay: A silicon sticker powered by RuPay using near field communication (NFC) technology is set to be launched. This sticker can be fixed on any solid surface and requires no internet or power and is also waterproof. You can ...

Inoperative PAN invest in mutual fund schemes: The market regulator, Securities and Exchange Board of India (Sebi), has provided relief to mutual fund investors to get KYC Registered status from KYC on-hold status. The KYC Registration Agency (KRA) ...

After mutual fund KYC (know your customer) rules came into effect from April 1, around 3% of MF accounts have ‘KYC Hold’ status, stated the Association of Mutual Funds of India (AMFI) on Thursday.

Mutual fund KYC rules from April 1, 2024: To invest in any scheme of any mutual fund house easily, an investor must have KYC Validated status. However, the KYC validated can be achieved only if the KYC documents submitted by an individual can be ver...

KYC Status check online: Many mutual fund investors are struggling with the new KYC rules. Further, most of them don't know their current KYC status and don't even know how they can check. Here is a step by step guide on how to check kyc status onli...

National Pension Scheme (NPS): In a master circular dated April 25, 2024 the Pension Fund Regulatory and Development Authority (PFRDA) has specified the charges applicable for point of presence (PoP) under NPS. The full list of all the applicable ch...

KYC for mutual funds: It is a regulatory requirement that re-KYC be completed by many investors by April 1, 2024. Although the process of completing re-KYC is easy enough, the lack of clarity among investors is causing issues. There are reports of p...

Many investors are discovering that their existing KYC status has become invalid. The validity is determined by the identity or address proof submitted during KYC registration. The regulator has narrowed down the list of officially valid documents (...

Mutual Fund holders should make sure that there is no mismatch, and if there is a mismatch, you should rectify it by April 30, 2024. POI, the mismatch in name/DOB of an investor in PAN and MF folio to lead to transaction rejection effective April 30...

Know Your Customer (KYC): If you have not updated your KYC by March 31, 2024 then your stock broking, demat, mutual fund, derivative, other accounts would be frozen. However as per a new circular dated March 28, 2024 existing investors satisfying a ...

National Pension System : The Pension Fund Regulatory and Development Authority (PFRDA) has released an advisory about how NPS investments by government sector employees could be made safer by following certain advisories. These advisories relate to...

Personal loan interest rates: Banks standardise a personal loan pricing matrix, which will be used to calculate interest rates based on each client's individual characteristics. It is critical to calculate your EMI and determine how to maintain it a...

A parent can open a bank account in the name of their minor son or daughter in order to invest in fixed deposits (FD), recurring deposits (RD) or others. The process is easy and requires the minor's birth certificate or Aadhaar, depending upon the b...

The facility of exchange of Rs 2000 banknotes across the counter shall be provided to the public in the usual manner, that is, as was being provided earlier, according to the RBI press release.

Re-KYC is an periodic update on an individual's KYC status, which has to be conducted by every banks and other entities regulated by the Reserve Bank of India (RBI). However if re-KYC process is not followed with banks will suspend the bank account ...

Banks have to update their database in regard to their customers' latest KYC status. This is an regulatory requirement and failure to do so could result in suspension of one's bank account. Read below to find out how to update one's KYC completely o...

Rs 2,000 withdrawn: The central bank urged the public to deposit Rs 2,000 banknotes into their accounts or exchange them for other denominations. Many banks have set certain rules around deposits and exchanges of Rs 2000 banknotes.

Personal loans usually have higher interest rates than other types of loans since they are given without any form of security. Here are top banks offering best rates on personal loans.

KRA is a Sebi-regulated intermediary that grants the market participants authorisation for investors' Know Your Client (KYC), which is mandatory for investment in the securities market.