With the Unique Identification Authority of India (UIDAI) allowing to do Aadhaar based authentication to on board new customers through Quick Response (QR) code imprinted on eAadhaar, CAMS has launched alternate eKYC solution using the QR code option.
Now, AMCs and distributors can carry out paper-less KYC for their clients with CAMS eKYC web application. This means you can execute the KYC process of your clients from your mobile phones.
The eKYC with eAadhaar has been kept simple and can be completed in 4 steps:
In a note sent to Cafemutual, Anuj Kumar, President & CEO, CAMS said, “Developing alternate KYC solutions to enable investors on-board smoothly became a high priority soon after the withdrawal of the OTP and biometric based eKYC. We wanted to ensure there is least disruption for distributors and investors who have been extensively using our earlier eKYC applications.”
CAMS eKYC solution offers a second alternative without Aadhaar. Distributors need to provide photos of the acceptable Id proof, address proof, printed copy or photo of simplified KYC form with signature and complete IPV with photos of self and investor. This option will allow offline transactions as well.
eKYC without Aadhaar
You can do KYC services by clicking here.
To register and commence using CAMS eKYC, distributors can send details of their ARN, EUIN, email id and mobile number to ekycservices@camsonline.com and receive log-in credentials.
AMC branches and CAMS service centers will also offer CAMS eKYC solution.
CAMS further said, “Additional alternates such as mobile app for eKYC, scan-based solution for QR code model, integration of online eKYC for AMC and distributor websites and mobile apps that can be used by self–managing investors are in development for November launch.”
