How to Check KYC Status of Bank Accounts, DIN & Mutual Funds?

KYC process validates a customer's identity and checks whether he or she is associated with any fraudulent activities. Thus, as a customer, you need to comply with this process, and after going through this process, you can check KYC status in various ways. If you are interested to know about them, keep reading.

You must comply with KYC guidelines as it is a mandatory process before availing any financial services or investing in financial instruments. Compliance with KYC guidelines means that the financial institution has your personal information, which allows them to check your credentials and transaction trails.

Every financial institution will conduct a KYC process if you want to apply for a credit card or open a new bank account. At the same time, you need to be KYC compliant if you want to invest in stocks, mutual funds, or get a new sim card. So, these are the reasons why you must comply with the one-time KYC verification process.

You can check whether you are a KYC complaint or not by visiting the official website of CDSL Ventures Limited and providing your PAN card details.

If you are not KYC compliant, follow the ways mentioned below to complete your KYC process:

Offline Process

Step 1: You need to download the KYC form from the website where you need to complete this process.

Step 2: Fill in the details as required in the form.

Step 3: After this, submit the appropriate documents such as a copy of your Aadhaar card, PAN card, driving licence, passport, bank passbook, Voter ID and photographs. These documents will serve as your ID.

Step 4: For address proof, submit your rent agreement, current electricity bill, landline bill, etc., and passport-size photographs.

All these documents need to be submitted along with the filled-up form.

Online Process

Step 1: You can complete your KYC verification process on any website of the KYC registration agency.

Step 2: You need to create your account and give your personal details.

Step 3: Type in your Aadhaar number and registered contact number.

Step 4: Then, an OTP will be sent to your registered contact number to verify your submitted information.

Finally, you need to upload your Aadhaar card's self-attested copy.

Often, a financial institution follows an Aadhaar-based KYC process before it allows you to invest in financial instruments. It sends an authorised representative to your home to collect your Aadhaar card and take the biometrics, like your fingerprints. After that, the appropriate authority validates your KYC after matching your fingerprints with the Aadhaar database.

This Aadhaar-based biometric process of KYC verification only allows yearly transactions of less than ₹ 50,000. However, you can do In-Person Verification through a video call to get complete verification of your address proof and identity. This way, you can eliminate this ceiling on transaction limits.

Go through the step-wise guide to know how you can check your KYC status online:

Step 1: Visit the official website of CDSL or Central Depository Service Limited.

Step 2: Navigate to the 'Inquire on KYC' page. This page has an option to check the PAN KYC status.

Step 3: You can either submit your PAN card number, or date of birth, PAN-exempt category, and name. After entering the details, select 'Submit.'

Step 4: If the relevant authority has already verified your KYC status, then 'MF-Verified by CVLMF' will appear on the screen. If it is not, then 'Pending' will be displayed on the screen.

1. Steps to Check KYC Status for Your Bank Account

Mentioned below are the steps following which you can check the KYC status for your bank account:

Step 1: Visit the website of the bank from where you have opened your account and against which you need to check the KYC status.

Step 2: Login using the correct credentials to your net banking account.

Step 3: Select the link, 'Check KYC status' and provide the account number.

Step 4: Provide the captcha code and submit. Post submission, you can see your KYC status for your bank account.

2. Steps to Check KYC Status for DIN

Check the process below to check the KYC status for DIN:

Step 1: Visit the official portal of the Ministry of Corporate Affairs. Select the 'MCA Services' tab.

Step 2: Navigate to the 'DIN Services.'

Step 3: Now, type in your DIN and select 'Submit'. Post submission, your KYC status for DIN will be displayed on the screen.

3. Steps to Check Your KYC Status for Mutual Funds

Go through the steps mentioned below carefully to check your KYC status for mutual funds:

Step 1: Visit any website of the KYC Registration Agency.

Step 2: You can provide your PAN card number. Alternatively, you can submit your date of birth, name, and PAN-exempt category.

Step 3: Enter the captcha and submit. After submitting the required details, you can see the KYC status modification date, registration, and In-Person Verification status.

4. Steps to Check the KYC Status for EPF

Take a look at the stepwise guide for checking the KYC status for your Employee Provident Fund account:

Step 1: Visit the official portal of EPFO's member e-Sewa.

Step 2: Sign in by typing your password and UAN or Universal Account Number.

Step 3: Select the 'KYC' from the drop-down menu under the tab 'Manage'.

Step 4: You can check your documents under the 'Digitally Approved KYC' tab. The tab will display the documents that your employer has checked and approved.

KYC is compulsory before you proceed to make any transactions. Therefore, completing the KYC verification process is crucial. Furthermore, go through the simple ways mentioned above to check KYC status for different requirements to avoid hassles or confusion later.