Prerequisites for completing the Digital KYC
A. Investor must have PAN (Permanent Account Number).
B. The mobile number or Email Id must be registered against his Aadhaar Data with UIDAI.
C. Investor must have clear copies of PAN (Proof of ID) and Proof of Address.
D. Investor must have a Cancelled Cheque leaf of his CBS bank account, where he is preferably the Primary account holder
E. Investor must have a valid email id and mobile number.
Documents to be kept ready by the investor before attempting the Digital KYC
A. Clear Photo / Image of PAN as Proof of ID
B. Clear Photo / Image of Address Proofs like (any one of the following) Aadhaar card / Aadhaar XML / Aadhaar Digilocker / Voter ID/ Passport/ Driving License
C. Clear Photo of Cancelled Cheque leaf.
D. Clear Photo of his Signature.
About Digital KYC (What is Digital KYC)
SEBI had vide its circular on KYC process and Use of technology
for KYC dated 24th April 2020, allowed extensive use of
technological innovations to complete the KYC digitally subject to
certain system validations. Based on this, we at UTI, have enabled
a paperless solution to complete the Digital KYC process for all
our Resident Indian Individuals in just few minutes and onboard
In short, Digital KYC is a paperless process for KYC non-complied investors to complete the entire KYC process within few minutes, so that you are ready to invest with us.
Importance & Benefits of Digital KYC? (How Digital KYC is Helpful?)
Investors desiring to invest / transact in mutual fund schemes are required to comply with the KYC norms applicable from time to time. For this purpose, Digital KYC will help such investors who are New to UTI Mutual Fund and their PAN is non-KYC compliant. This also helps all our existing investors whose PAN is not yet KYC compliant. The investor can complete the entire Digital KYC process within few minutes, if the documentary requirements are kept ready. There is no need to step out of your house.