If you have Aadhaar, you are good to go with your ARN renewal or new ARN registration.
AMFI has introduced a new facility for distributors to renew or create new ARN registration online through Aadhaar. Simply put, you just need to keep your Aadhaar handy to register and renew your ARN number.
In a communication sent to distributors, AMFI said, “Pursuant to the government's vision of digital India, AMFI is happy to announce the launch of online ARN registration and renewal process of AMFI registration. The process is completely paperless and based on Aadhaar! Of course, you must have an Aadhaar number and your mobile number must be registered/linked with your Aadhaar to avail this online facility.”
In addition, the mark sheet of your NISM Mutual Fund Distribution examination is no longer required to renew ARN. “You won't have to provide your NISM Passing Certificate for ARN Renewal anymore! The status of your NISM certificate renewal will be ascertained and confirmed with NISM through an automated process of daily data feed which NISM has kindly agreed to provide to CAMS - AMFI unit to facilitate this digital initiative,” said AMFI.
You can pay renewal fee online through net banking facility. Currently, distributors have to send their certificates to CAMS along with a DD of Rs, 1,500 in favour of AMFI as renewal fee. Typically, the entire ARN renewal process takes around two months.
With the latest development, you will get your renewal instantly.
Here are the steps for online renewal:
- Login to AMFI website and click on the distributor corner
- Enter your user-id and password
- On successful validation of your login credentials, CAMS will fetch information from NISM on NISM certification / CPE completion
- Once it is found that you have cleared the exam/CPE you will be able to make the online payment
- Amount due to be paid will be automatically updated
- On successful completion of payment, your request will be processed immediately and ARN/EUIN is renewed within a few minutes.
