How to check your KYC address..?

If you have moved cities, or are going to, you need to update the details that you had submitted under the know-your-customer (KYC) guidelines. The address present in your KYC records is where you’ll receive your account statements. If you move homes or cities, you need to update this. But how do you check which address is mentioned in your KYC records, especially if it was done a long time ago? Here’s how.

Step #1: registration

Visit the website of CDSL Ventures Ltd (www.cvlkra.com), one of the KYC registration agencies (KRAs) in service. On the right hand side, you will notice a sign-in section with space to key in login identity, code and password. Ignore these. Instead, go to the small tab below these, which says ‘client login’. Click on it.

Step #2: Intermediary

You will be directed to another Web page that asks for details such as your Permanent Account Number (PAN), date of birth and ‘intermediary dealing with’. Enter your PAN and date of birth. Under the intermediary section, you would notice names of all stock market intermediaries. These are entities such as mutual funds, stock brokers, portfolio management services and so on, through whom you can invest in stock markets. If you have invested through a mutual fund, choose the fund house that you have invested in.

Step #3: view details

Next, enter the random number that the screen shows you and hit ‘go’. You will get a small table that tells you that your KYC is “verified by CVLKRA”. At the end, you will see ‘view detail’. Click on the green tick mark below this. A new page will open; just go right at the bottom. Here you will see all your KYC details. Since the KYC process is centralized, it is shared with all mutual funds. Check all your details and ensure they’re correct, especially the address, telephone number, and others.

How to change your kyc details?

If you need to change your KYC details, especially the address, you need to fill a ‘change in KYC’ form. You also need to submit a proof of the new address. You can submit the form and the proof with any fund house where you have invested or with your registrar and transfer agent’s office, provided it is authorized to accept KYC applications.

Is easy availability a problem?

Since your KYC details are so freely available, it’s dangerous. All it takes is your PAN card and date of birth to get to know all your KYC details which may include your address, email, passport number, phone number and so on. We suggest that CDSL Ventures impose an authentication layer, say, a one-time password, in its system that could be sent to your email or mobile phone. Doing so will enable you, and only you, to access this data.

(Source:  Livemint.com)