Tata Mutual Fund has launched video KYC facility through which you can do a completely paperless onboarding of a new client.
To avail this facility, you will have to upload KYC documents of your clients like PAN card, address proof, photograph, a cancelled cheque, and signatures on AMC website. Once you upload these documents, your clients are required to start real-time video recording using the front camera on their smartphone or computer and read aloud the dynamic OTP displayed on the screen. On successful completion of this process, the AMC personnel will verify them and the investor will receive an intimation to initiate investments.
In a press release, MVS Murthy, Head Marketing & Digital at Tata MF said, "This will benefit all channel partners and acquisition channels by reducing their paperwork and associated leg work. With the proliferation of mobiles, access to data and the trust our brand enjoys, e-KYC is the smoothest way to come on-board a strong and growing industry."
