What does KYC/KRA status mean, and how to check it?

What does KYC/KRA status mean, and how to check it?

KYC (Know Your Customer) is a mandatory regulatory process that verifies your identity and basic details before opening a trading and Demat account. 5paisa handles the KYC verification during your account opening process. 
KRA (KYC Registration Agency) is a central repository that stores your KYC information. A successful KYC registration is essential to open a new trading account. You

can check your KYC status using the following steps:

1.    Visit cvlkra.com.

2.    Click on "KYC Inquiry."

3.    Enter your PAN number, complete the captcha, and click "Submit."

Understanding the KYC status results:

·       Validated/Registered Your KYC information is successfully registered.

 

·       Under Process Your recently updated KYC information is being processed by the KRAs. It may take up to 5 working days to reflect the updated status.

 

·       On Hold or Rejected There might be discrepancies in your KYC details from a previous broker. 5paisa can handle rectification and might request additional documents if needed. The updation process can take up to 5 working days.

Remember: A successful KYC registration is crucial for opening your trading account.



    • Related Articles

    • What are the steps to check the status of your payment update?

      To check the status of your payment update, please follow these steps: On the Mobile Platform: · Login to your 5paisa account. · Click on the "User" tab. · Click on "Net Available Margin". · From there, you can access your Funds or Ledger section. On ...

    • Where I can check status of my IPO?

      · Go to the IPO tab on the app: Open the mobile app and navigate to the section specifically dedicated to IPOs. This section may be labelled as "IPO" or "New Issues" and can usually be found in the app's main menu or navigation bar. · Select "Past ...

    • What does KYC/KRA status means, and how to checked it?

      SEBI has been directed to upload all client information, obtained through the KYC process, to the KRA agency. This agency serves as the central repository for client data across various brokers. Opening a new account is only possible if the data has ...

    • How to Check status of VTT Order? Can I modify and cancel the VTT order?

      Through Website: Path: Log in at www.5paisa.com >> Click on the context menu >> Click on Order and Position >> VTT Through Application: Path: App >> Click on User >> Click on Book >> VTT Note: You can Modify or cancel the VTT order from the VTT tab, ...

    • How to update the resident status of PAN for an NRI & PIO account?

      To update the resident status, follow these steps: 1. Ensure your residential status is Non-Resident on the Income Tax Department (ITD) website: - Log in to the ITD website. - Verify that your residential status is set to Non-Resident. 2. Submit the ...