Know Your KYC Status

KYC status provides information on whether you are compliant with the existing KYC norms or not. KYC stands for Know Your Customer. Banks, other financial institutions, intermediaries, mutual fund houses, and government entities often require you to undergo a KYC verification process at the time of registration. This KYC verification is usually done to verify your address and identity.

It is a good idea to check your KYC status online, from time to time since being non-compliant with the adequate norms can lead to your accounts being temporarily suspended or frozen.

Since most financial services are delivered online, proper verification of a user’s identity is the need of the hour. Here’s where KYC verification comes into the picture. It helps financial institutions ensure that the individual accessing an account or a service is the same who has registered for it. KYC verification has time and again proven to effectively keep illegal activities like identity theft, money laundering, fraud, and unauthorised access in check.  

Being KYC compliant is mandatory to avail financial services and to carry out financial transactions. Only when the KYC status is marked as ‘registered’ in the respective institution’s database, an individual would be allowed to access financial accounts or services. One can visit a Know Your Customer Registration Agency(KRA) office or their website, to get the KYC compliance process completed.

Once you place the request for checking your KYC status online, it will be displayed as one of the ‘statuses’ mentioned below during processing.

If you are wondering, “How do I know my KYC status?”, you would be relieved to know that the process is rather simple and can be completed by going to the KRA (KYC Registration Agency) website and following these steps:

• Visit CDSL’s (Central Depository Service Limited) official website.

• Go to the ‘Inquire on KYC’ page, which will let you check your PAN KYC status.

• Enter either your PAN card number or a combination of your name, date of birth, and exempt category.

• Type in the captcha displayed.

• Click on ‘Submit’ and the website will display the KYC verification status.

A PAN card is one of the documents that needs to be submitted for KYC verification. The Income Tax Department issues PAN cards to citizens which can serve as proof of income as well as proof of identity. 

• Visit the official CDSL (Central Depository Services Limited) website at the following link: www.cdslindia.com. 

• Enter your PAN number and click ‘Submit’.

• In case you do not have a PAN card you can also use your date of birth to check the KYC status.

• If the status shows ‘MF- Verified by CVLMF’ it means your KYC status is verified.

• In case your PAN KYC status has not been verified, it will show as ‘Pending’.

You can check the KYC status of EPF (Employee Provident Fund) by using the UAN (Universal Account Number).

• Visit the EPFO member e-Sewa portal

• Enter your UAN number and password

• Verify the CAPTCHA and click on ‘Submit’

• Once you log in, go to the ‘KYC’ tab and click on ‘Manage’ tab

• Check your KYC EPF status in the ‘KYC Document Status’ tab

• If it is approved by your employer, the status will display as ‘Approved’. If it is not approved, the status will display as ‘Pending’

• Visit the KYC Registration Agency’s (KRA) website

• Enter your PAN number

• Your Aadhaar KYC status can be checked once you successfully log in

• In case the Aadhaar eKYC status is non-compliant, you can complete the process via Aadhaar-based biometric

You no longer need to go through the offline process of visiting the KRA (KYC Registration Agency) offices because you can easily check your KYC status online for mutual funds. KYC verification is mandatory before investing in mutual funds. You can use the PAN card to check the KYC status of your mutual funds. In case you did not offer your PAN details while registering, you can enter your date of birth, name, and category to access your mutual funds’ KYC verification status. The steps you would need to follow are mentioned below:

• You can visit the website of the KRA (KYC Registration Agency).

• Enter either your PAN card number or a combination of your name, date of birth, and exempt category.

• Type in the captcha displayed.

• Click on ‘Submit’.

• If your KYC is compliant, the website will display “KYC registered” or “KYC verified”. 

• If you are not yet KYC registered, it will show “Pending” or “Not Available”.

The website will display the date of KYC registration, KYC status modification date, and a checkbox for IPV (In-Person Verification) status. You can also choose from multiple websites when it comes to checking your KYC status.

To check the KYC status for your bank account post submitting your KYC verification application, you would need to follow the steps mentioned below:

• Visit your bank’s website.

• Login to your net-banking account.

• Click on the link that says ‘Check KYC status’.

• Enter the account number.

• Enter the captcha code displayed and click ‘Submit’.

The KYC status of your bank account will be displayed on the screen.

KYC is mandatory for any type of financial transaction. As a result, getting yourself KYC-verified is critical. Apart from the conventional methods, you can also avail the latest technologically advanced ways, such as Digital KYC, Video KYC, etc., to complete the verification from the comfort of your home.

Some of the top banks offering these facilities include the State Bank of India (SBI), Axis Bank, HDFC Bank, RBL Bank, etc. Once you have submitted the KYC application, you can check your KYC status online in a hassle-free and efficient way using your PAN card number.

The cKYC status can be checked on any financial service providing company which provides the CKYC check facility.

• Log into the website portal

• Enter your PAN details

• Verify the security details and click ‘Submit’

• Your CKYC number will be displayed on the screen

• Log into your EPF account

• Enter your UAN number and password

• Verify Captcha to login and go to the ‘KYC’ option

• Select ‘Manage Tab’ and check your UAN KYC status on the ‘Digitally approved KYC’ tab

• Visit the official Ministry of Corporate Affairs (MCA) website

• Click on the ‘MCA Services’ tab

• Go to ‘DIN Services’ section

• Enter your DIN Number and click on ‘Submit’

• Your KYC DIN status will be displayed

• Register/Login into the official MCA website.

• Select MCA Service and click on the DIN Services option

• Go to DIR-3-KYC-Web

• Enter your DIN (Directors Identification Number)

• An OTP will be sent to your registered Email ID and/or mobile number

• Verify the OTP and confirm details to check your MCA KYC status

• Go to the CVL KRA website

• Click on ‘Inquiry of KYC’

• Enter your Aadhaar Card Number and PAN card number to check the CVL KYC status

KYC compliance is of paramount importance for various reasons, ensuring the integrity and security of financial transactions. Here's why being KYC compliant is crucial:

• Legal Requirement: KYC compliance is often mandated by financial regulatory authorities, making it a legal obligation.

• Fraud Prevention: It acts as a robust deterrent against identity theft, money laundering, and financial fraud.

• Enhanced Security: KYC safeguards the financial system, making it harder for criminals to exploit it.

• Trust and Credibility: KYC compliance builds trust between financial institutions and customers, demonstrating a commitment to security and privacy.

• Swift Transactions: KYC-compliant individuals experience faster processing when opening accounts, applying for loans, or investing.

• Access to Services: KYC compliance is a prerequisite for accessing a wide array of financial services, ensuring you can fully utilize the offerings.

Overall, being KYC compliant is not just a legal necessity; it's a vital safeguard that enhances security, trust, and efficiency in the financial world.

To check if you are KYC compliant, follow these steps:

• Visit the Official Website: Go to the official website of the financial institution or entity where you completed the KYC process.

• Login to Your Account: Log in to your account using your credentials.

• Navigate to KYC Section: Look for a section related to KYC or account verification. This might be labeled as "KYC Status" or "KYC Verification."

• Check Your KYC Status: Click on the relevant section to access your KYC status. It will typically display whether your KYC is compliant or not.

• Contact Customer Support: If you can't find the information online, you can contact the customer support of the institution for assistance. They can guide you on how to check your KYC status.

• Verify Document Validity: Ensure that the documents you provided during KYC are up-to-date and match the information on your account.

• Complete Any Pending KYC: If your KYC is not compliant, follow the instructions provided to complete the necessary KYC verification.

Regularly checking your KYC status is essential to maintain compliance and ensure uninterrupted access to financial services.