eKYC using OTP based Aadhaar verification

CAMS latest eKYC solution enables new investors to complete the KYC process digitally with OTP based Aadhaar authentication without any hassles.

The eKYC through Aadhaar authentication service allows investors to make investments in desired mutual funds with minimal efforts and without any limits or restrictions.

How does eKYC using OTP based Aadhaar verification work?

Aadhaar & PAN Validation

Investor to provide mobile number & email ID (at least one should be registered with Aadhar) & Aadhaar number.

OTP is sent by CAMS to both mobile & email ID once UIDAI validation is complete.

On successful OTP verification, Investor to upload PAN copy which is validated with NSDL.

For Address proof verification, UIDAI will send OTP to investor to either of registered mobile or email in Step 1.

On successful authentication of OTP, UIDAI will provide Aadhaar PDF and investor photo.

Additional Steps

Investor to fill-in additional details – resident status, occupation etc.

Signed cancelled cheque to be uploaded by Investor. Basis OCR, Bank details will get filled automatically.

IMPS validation basis the cheque uploaded to match name on cheque with the name in PAN.

If there is 70+% name match, investor will proceed to upload e-signature.

Upon successful submission of details, KYC status becomes – Under Process & this PAN becomes investment ready.

Steps in edge360 to initiate eKYC:

Login to edge360

Go to Transactions tab -> Purchase menu

Enter PAN & select AMC

If user is not KYC verified, pop-up will open for distributor to enter email of the investor who has to do eKYC and send the link to investor to complete eKYC

Investor to follow above eKYC steps -> On completion, PAN becomes investment ready