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    Reasons For Not Being Able To Transact

    Uploaded by

    chayamadhu1
    Kyc

    Copyright:

    © All Rights Reserved
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    Reasons For Not Being Able To Transact

    Uploaded by

    chayamadhu1
    14 views1 page
    Kyc

    Original Title

    reasons-for-not-being-able-to-transact (1)

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    Kyc

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views1 page

    Reasons For Not Being Able To Transact

    Uploaded by

    chayamadhu1
    Kyc

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Unable to transact?

    Here’s Why
    As per SEBI Regulations,
    investors can transact only when
    the following conditions are met :

    Investor's name and date of birth registered in the


    folio is as per income tax records

    Investor's PAN is linked with AADHAAR

    KYC status of Investor’s PAN is ‘KYC Validated’

    Below are the details on how to


    rectify missing information.

    How to update Name / Date of


    Birth in folio
    Submit the following documents along with folio details
    at your nearest SBIMF of CAMS branch

    i. Self attested copy of PAN Card

    ii. Duly signed request letter to update

    name as per PAN

    Click here to locate your nearest branch.

    How to link PAN and AADHAAR


    To complete the PAN and AADHAAR linkage
    process you will need to do the following

    ₹
    ₹
    Pay Penalty on the
    income tax website

    Submit the AADHAAR


    – PAN linking request

    - T hings to keep handy -

    PAN Number AADHAAR Card Mobile Number


    linked to AADHAAR

    Steps to pay Penalty


    V isit the income tax e-filing portal
    (https: //www.incometax.gov.in/iec /foportal /)

    1 Go to ‘e-Pay Tax’ under the ‘Quick Links’ section.

    2 Enter PAN details and mobile number.

    3 Verify OTP and click on Continue.

    4 Click the Proceed button under income tax tab.

    Select Assessment Year as ‘2025-26’, ‘Type of Payment


    5

    ( Minor Head)’ as ‘Other Receipts (500)’ and Sub-type of


    Payment as ‘Fee for delay in linking PAN with Aadhaar ’ and
    click the ‘Continue’ button.

    T he applicable amount will be pre-filled against ‘Others’


    6
    option. Click ‘Continue’ button and make the payment.

    After making the payment, proceed to link


    yo u r PAN w ith AADHAAR

    Steps to complete PAN-AADHAAR linkage


    V isit the income tax e-filing portal
    (https://www.incometax.gov.in/iec/foportal /)

    1 Go to ‘Link AADHAAR’ under the ‘Quick Links’ section

    Enter your PAN and Aadhaar number and click the


    2
    ‘Validate’ button.

    Enter your name as per your Aadhaar card and mobile


    3
    number and click the ‘Link Aadhaar’ button.

    Enter the OTP received on your mobile number and


    4
    click the ‘Validate’ button.

    T he request for PAN Aadhaar linking will be sent to the


    5
    UIDAI for validation.

    Please note : You w ill not be able to submit the PAN-AADHAAR


    linkage request unless the penalty is paid and processed.

    Once you have sent a request to link PAN with


    Aadhaar, UIDAI will process the request to link PAN
    with AADHAAR. However, the reactivation of PAN card
    will take around 7 da ys to 3 0 da ys from the date of
    submission of request.

    All about KYC


    As per SEBI regulations the following attributes are being validated
    for all new and existing KYCs. In case any validation fails, the KYC
    status may change to ‘Registered ’ or ‘On Hold ’ .

    Name as Per Address is validated


    Mobile number
    Income Tax via AADHAAR
    Records ( Digilocker based / and e-mail ID

    XML based / V ia

    UIDAI )

    W hat ha ppens (
    if Name in KYC KRA Records is not as per Income )
    Tax Records?

    b
    If the name is not as per income tax records the investor will not e allowed
    to create any ne folios. T he investor ill have to submit a modification of
    w w

    KYC request to get the name changed in KYC records. (H w M di y KYC) o to o f

    W hat ha ens if Address as not validated via AADHAAR


    pp w

    (Di iloc er based/ X based / Via UIDAI)?


    g k ML

    In this case the KYC statusbe set to ‘KYC registered’. Financial transactions
    will

    w ill be allo ed only if the investor already has an investment ith SBI Mutual
    w w

    Fund. To get the KYC status validated, Investor needs to submit a modification
    of KYC request and validate the address using AA AA via igiloc er DH R D k /

    AA DH AA XML UI AI (H w
    R / M di y KYC)
    D o to o f

    W hat ha ppens if Mobile number and e-mail ID are not validated?

    T his is applicable only in case mobile number and e-mail ID are available in
    KYC records and the KYC Registration Authority (KRA) was unable to
    successfully deliver a message to either of the contact details.

    This can be rectified by validating the contact details via the lin provided by k

    your KYC registration Authority. (H w Valida c n ac d ail )


    o to te o t t et s

    In case theKYC records have an incorrect email address or mobile number


    please proceed ith modification of KYC. (H w
    w M di y KYC) o to o f

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