What is Know Your Customer (KYC), and how can the KYC status be checked?

What is Know Your Customer (KYC), and how can the KYC status be checked?

SEBI has been instructed to upload all client data acquired via the KYC procedure to the KRA agency. The KRA agency acts as the main hub for client information for different brokers. Only after the data has been uploaded, thoroughly validated, and registered with the KRA agency can a new account be opened. 

Please take the following actions to verify the KYC data's current status:


  • Step 1: Visit cvlkra.com.
  • Step 2: Click on ‘KYC inquiry.’
  • Step 3: Enter your PAN number.
  • Step 4: Input the captcha.
  • Step 5: Click on the ‘submit’ button to fetch the status.

 

Have a look at the table below to know what to do further:

 

Status 

What does it Signify?

What steps should be taken?

Registered

KYC is registered successfully.

No Action

Under Process

This status indicates that the account was recently opened. So, it will take approximately 5 days for the KYC to be updated.

Please wait for the KYC process to be completed.

On-hold or rejected

This status appears when the existing broker does not update the details with accurate information and documents.

Submit a new KYC form along with supporting documents such as a self-attested PAN copy and address proof.


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