Instant Demat Account Opening with eKYC

1
(No Transcript)
2
What is KYC?
Are you thinking of capitalizing on the current
dip in stock prices? Well, you will need an
online demat account for a start. Fortunately,
its 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.
After the Prevention of Money Laundering Act,
2002 (PMLA) came into effect the SEBI mandated
that all
3

• 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.

4
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.
5

• KYC Registration Agency (KRA)
• The AMC
• Mutual fund agent
• Mutual fund distributor
• MFs 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

6

• 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.
7

• 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

8
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-t
rading-account/1
9
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.
10
Thank You!
Disclaimer Investments in stock markets are
subject to market risks. This is for information
purpose only.
Connect With Us mastertrust Mail
helpdesk_at_mastertrust.co.in Phone
0120-6223333 Web https//www.mastertrust.co.in/