What is CAMS eKYC?
CAMS eKYC is a paperless Aadhaar-based process for fulfilling KYC requirements to
start investing in Mutual Funds. SEBI has recently allowed Aadhaar-based KYC to
be used for MF investments, for the convenience of investors.
How does CAMS eKYC work and what are the benefits?
The regular KYC process requires submission of KYC form with investor signature
and additional documents for ID and address proof. In-person verification (IPV)
and sighting the original documents needs to be completed by a competent person.
CAMS eKYC completely eliminates paper work and IPV to complete the KYC process.
CAMS as a KYC User Agency (KUA) is approved by UIDAI to accept investor’s Aadhaar
number and complete KYC verification with One Time Password (OTP).
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Proof to submit
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Regular Process
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Aadhaar eKYC through www.camsonline.com
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ID proof
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✓
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✕
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Address proof
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✓
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✕
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In Person Verification (IPV)
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✓
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✕
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NSE has launched CAMS eKYC through
NSE NMF II Platform The OTP verification based CAMS eKYC is a simple,
hassle fee 3 step process.
Investors completing KYC through OTP based CAMS eKYC are permitted to invest ₹.50,000
per Mutual Fund per year.
KYC completion using biometric verification permits investments without any upper
limit. Investors can avail Biometric CAMS eKYC at CAMS service centres.