What is KYC?

KYC validates your identity, address and signature among other things and is a prerequisite for investment in mutual funds and even opening of a bank account. Without valid documents for KYC the financial institution in question, (bank or Asset Management Company) may refuse you the opportunity to open a bank account or grant permission for investment in any mutual fund schemes.

Why KYC?

The Reserve Bank of India, the apex bank of the nation has made KYC compulsory for all banks and financial institutions in 2004. KYC is of primary importance as not only an identity proof but also a safeguard against money launderers or other criminal activities.





List of documents needed for Demat & Trading Account

list_of_kyc_docments
  • Mandatory Documents - Pan Card and Passport size Photograph
  • Identity Proof - any one of PAN card, Aadhaar Card
  • Address Proof - any one of Passport, Driving Licence, Aadhaar Card, Bank Statement, Utility bills
  • Income Proof - any one of Salary slip (latest), ITR (latest), Bank Statement (6 months)
  • Account Linking - Cancelled Cheque

How to do the KYC process online?

If you do not have the time to go through the KYC procedure offline and wondering if KYC can be done online, the answer is 'YES'.
e-KYC eliminates physical paperwork and in-person verification that is needed in case of regular KYC registration. reliancesmartmoney.com enables you to do your KYC online while opening a Demat & Trading Account in just 6 easy steps.
  1. Registration
  2. Profile Analysis
  3. Other Information (Personal/Financial)
  4. Product Selection
  5. Bank Details
  6. Documents Upload


The key objective of e-KYC is to reduce paperwork and cut down on turnaround time of completing your KYC formalities online in real time in a few easy steps. You can thus complete your KYC formalities in a matter of minutes and proceed to make your first purchase from your demat & trading account at the same time.