What is CKYC and what does it mean for mutual fund investors?

Posted by : Rakesh Sinha
Posted On : 5/9/2018 6:06:38 PM
Posted As :Question Answers
Category :Business Management
View : 54
                 What is CKYC? 
Central KYC Registry, or CKYCR, will re place the existing multiple KYC submission processes one needs to go through for various financial transactions, such as opening bank accounts, buying life insurance, and investing in mutual funds. The government has authorised the Central Registry of Securitisation and Asset Reconstruction and Security Interest of India (CERSAI) to manage the CKYC Registry process. 

What does a first-time investor in mutual funds have to do?
An investor now has to fill the new CKYC form before investing in mutual funds. Along with the form, he has to submit a self-attested copy of his PAN card, and identity and address proofs, such as passport and Aadhaar card. The new form has an extra field for the name of the applicants mother. Once the new form is processed by the registrar, a 14-digit KYC Identification Number (KIN) will be issued by CKYC, which ca .. 

Sources: EconimicTimes
 
when a Project really is Agile
Submitted in: Ask Question | Category: Project Management
what is Data Binding?
Submitted in: Ask Question | Category: Software Development
how to pass data from one activity to another activity?
Submitted in: Ask Question | Category: Software Development
What is Data Annotations ?
Submitted in: Ask Question | Category: Software Development
What is difference between $Scope and $rootScope ?
Submitted in: Ask Question | Category: Software Development
What is difference between TextBox and TextBoxFor?
Submitted in: Ask Question | Category: Software Development
how to send selected data to another page on button click
Submitted in: Ask Question | Category: Software Development
what is attribute routing in asp.net mvc
Submitted in: Ask Question | Category: Software Development
What’s an Object ?
Submitted in: Ask Question | Category: Software Development
What is the Android Architecture?
Submitted in: Ask Question | Category: Software Development
What is difference between account payable and bills payable?
Submitted in: Ask Question | Category: Accounting
What is the diff. between abstract class & interface
Submitted in: Ask Question | Category: Software Developement

All rights reserved to Interviewfunda.com. Logos, company names used here if any are only for reference purposes and they may be respective owner's right or trademarks. While using this site, you agree to have read and accepted our terms of use and privacy policy. Best viewed at 1024 x 768 resolution with Internet Explorer 5.0 or Mozila Firefox 3.5 or Google Crome and higher