Instant Demat Account Opening with eKYC

Are you thinking of capitalizing on the current dip in stock prices? Well, you will need an online demat account for a start. Fortunately, it’s now easier than ever to open a Demat account with In-Person Verification (IPV) of KYC documents. If you are planning to make investments, this is the first step.

What is KYC?

After the Prevention of Money Laundering Act, 2002 (PMLA) came into effect; the SEBI mandated that all

intermediaries helping their clients with investments (including mutual funds), should adopt the Know your Customer (KYC) policy. After that, KYC compliance was made mandatory for all investors in January 2011, for all types of investments, including:  New / Additional Purchases  Switching Transactions  New registrations for SIP/STP/Flex STP/Flex Index/DTP  Any SIP/STP/trigger-related products launched after the PMLA came into effect

What is In-Person Verification of KYC Documents?

SEBI has now mandated that all investors undergo IPV for verification of documents through a Depository Participant.

To carry out IPV, an investor must produce the original copy of the ID and residential proof submitted electronically to the fund house. The process is pretty straightforward, as you can schedule a live authentication via video conferencing. The SEBI authorized officer might ask you questions regarding your documents to verify the authenticity. The fund house will deem your KYC complete only after the In-Person Verification has been completed.

Only the following entities have the authorization from SEBI to carry out an IPV.

 KYC Registration Agency (KRA)  The AMC  Mutual fund agent  Mutual fund distributor  MF’s Registrar  Transfer agents like CAMS or Karvy Computer Share Private Limited Did you know? You can now complete your eKYC online when opening a new trading or Demat account with mastertrust. Just follow these simple steps to open a paperless Demat account or trading account and benefit from state-of-the-art online trading tools, - Visit us online for opening an online trading or Demat account - Submit your application and upload KYC documents

- Proceed to record your IPV or pick a time slot - Complete Equity E-sign with Aadhaar OTP

Advantages of opening a Demat Account with eKYC:

- Once your KRA record is updated, all other intermediaries

can

access

the

details,

eliminating the need for multiple/duplicate verifications.

- Faster and easier processing of new Demat account opening requests.

- Capture of accurate, valid customer data helps in eliminating fraud.

- Scope for continuous technological upgrades can permit speedier and accurate transactions for both trading and back-office operations.

- Makes it less expensive to open a new Demat account for both the customer and stockbroker.

- A practical and upgraded KYC process that makes life easier for everyone.

- Once a KRA record is updated, all other intermediaries can access the details, and this eliminates the need for multiple verifications and data duplication

In conclusion, The IPV is a step towards making the eKYC process free of human involvement in the future. As of now, physical visits for personal checks and signatures are still needed, and so is repeating KYC procedures for different regulatory bodies. We can expect to see further improvements to the entire process with the emergence of artificial intelligence, blockchain, and even cloud-based API technologies.

Start Trading Today With a Paperless Account This account opening facility(eKYC) is for opening both trading and demat account offering Internet Based Trading (IBT) as well as offline trading account.

Power of Attorney is compulsory on the said demat account for availing IBT. Click Below to Open Demat Account https://www.mastertrust.co.in/open-trading-account/1

OR Download our Trading Mobile App Mastermobile allows people to analyze and trade financial instruments in different exchanges. View real-time market data, analyze market and instruments with easy-to-follow tools.

Thank You! Disclaimer: Investments in stock markets are subject to market risks.

This is for information purpose only.

Connect With Us mastertrust Mail: helpdesk@mastertrust.co.in Phone: 0120-6223333 Web: https://www.mastertrust.co.in/