What is KYC?
KYC (Know Your Customer) is a process to verify a customer’s identity, income, and profession before opening a trading/demat account. As per SEBI guidelines, completing a KYC verification is mandatory to open a trading and demat account.
When opening an account with Jainam or any other SEBI-registered intermediary, your KYC details will be verified at the time of account opening to comply with these guidelines.
How to check your KYC Status: - Visit the CVLKRA website.
- Select on KYC Inquiry.
- Enter your PAN or
Enter the name of the applicant, date of birth/date of incorporation, and exempt category. - Enter the captcha and submit.
- Check the KRA (KYC Registration Agency) and KYC status in the results under the KRA and KYC Status columns.
Types of KYC status: - Validated/Registered: KYC is completed, and the account will be unblocked within 72 hours.
- Under Process: KYC is being processed by the KRA. It may take up to 5 working days.
- On-hold/Rejected: KYC was submitted with incorrect/incomplete documents.
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