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MF News You can link Aadhaar details of clients till March 31, 2019

You can link Aadhaar details of clients till March 31, 2019

You have some more time to link Aadhaar details of clients with MF folios and insurance policies.
Nishant Patnaik Jul 3, 2018

Now, you have some more time to link Aadhaar details of your clients with their mutual funds folios and insurance policies. The central board of direct tax (CBDT) has extended the deadline to link Aadhaar with bank accounts and other financial services, such as mutual funds and insurance to March 31, 2019.

Earlier, the ministry had directed fund houses to link Aadhaar number with mutual fund folios before December 31, 2017. Later, the government extended the deadline by three months, i.e., March 31, 2018. However, after the Supreme Court’s intervention on constitutional validity of the Aadhaar Act, the date was extended until the court’s further order.

You can help your clients link their Aadhaar number with mutual fund folios through R&T agents such as CAMS, Karvy, Sundaram, BNP Paribas Fund Services and Franklin Templeton.

Here is how you can help your clients link their Aadhaar details with MF folios.

The RTAs have enabled online submission of Aadhaar and PAN details by investors on their websites for collection and authentication of Aadhaar number. You may advise your clients to provide the details at any RTA's website.

Physical forms too are available at all investor service centres (ISCs) of AMCs and RTAs.

You can verify if clients have linked Aadhaar details with the mutual fund folios. Both CAMS and Karvy have introduced a facility through which investors and distributors can check if the Aadhaar is linked to the mutual fund folios.

Similarly, you can link Aadhaar with insurance policies. Here is how.

Visit the website of the respective insurance companies.

A form will pop up, where you have to add details in the respective boxes.

Key in the policy details and Aadhaar number. If you have multiple policies with the insurer, you can mention the details of all the policies.

Once you submit it, the system will generate a one-time password on the Aadhaar registered mobile number.

Enter the OTP to link your Aadhaar with the insurance policy.                                      

Offline process to link Aadhaar with insurance policies

Most insurance companies have emailed the Aadhaar linking form to policyholders. You can ask your clients to take a printout and send it to their respective insurers with a self-attested copy of Aadhaar.

Alternatively, you can visit the nearest branch office of the insurance company. Don’t forget to carry a self-attested copy of Aadhaar and PAN card.

 
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5 Comments
prem kumar · 2 months ago
above to give aadhar card till the supreme court ,now no need to give aadhard card like banks,mutual fund,insurance it is optional,
Anand · 2 months ago
link by sharing actual aadhar details or virtual ?
venkateshwarulu · 2 months ago
In the second paragraphs, the author himself says - "date was extended until the court’s further order" and then continues about how to link. I am baffled. On one hand, you say the SC has asked not to link until decision is final. And on the other hand, you go on about linking aadhaar? Why to link Aadhaar with anything in the first place? Write an article justifying that.
A Kumar · 2 months ago
icici prudential mutual fund news related to icici securities ipo is not updated in cafe mutual.
A Kumar · 2 months ago
icici prudential mutual fund news related to icici securities ipo is not updated in cafe mutual.
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