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Client Onboarding Prerequisite
Client onboarding in mutual funds is a key procedure that ensures regulatory compliance, builds trust and provides a smooth start for investors.This process includes verifying user authentication, collecting essential client information and maintaining data security to deliver an efficient and secure onboarding experience.
Key Features
- Digital Onboarding
- KYC (Know Your Customer) Compliance
- Account Linking and Bank Mandate Setup
- Account Creation on Digital Platform (BSE, NSE and MFU)
Key Points to take care
- Debit Mandate setup is Mandatory before starting the Systematic Investment Plan.
- List of documents that should be readily available while doing the KYC.
| Documents | Bandhan |
Signzy |
| PAN Card | Yes |
Yes |
| Cancelled Cheque | Yes |
Yes |
| Photo | Yes |
No |
| Digi Locker based Aadhaar | No |
Yes |
| Selfie | No |
Yes |
| Video KYC | No |
Yes |
- Valid PAN linked with Aadhaar.
- Mobile number linked with Aadhaar on which client will receive an OTP for verification.
- KYC modification is allowed only where KYC status is Verified.
- List of documents that should be readily available while creating a digital account (UCC, IIN, & CAN):
| Documents | BSE (UCC) |
NSE (IIN) |
MFU (CAN) |
| PAN (Guardian PAN for Minor Accounts) | Yes |
No |
Yes |
Bank Account Proof · Copy of Cancelled Cheque or Bank Statement or Passbook · Bank Account should be owned by the Primary holder; or Guardian in case of Minor account |
Yes |
Optional |
Yes |
| Signature | Yes |
No |
No |
Birth Certificate, Mark sheet, Passport (For Minor, in case of Minor Account only) |
Yes |
Yes |
Yes |