AMFI has made new ARN and EUIN registration completely paperless.
The MF industry’s trade body has resumed Aadhaar based authentication to register new ARN and EUIN. With this, individuals and corporates can obtain new ARN and EUIN online.
Earlier in 2018, following the Supreme Court’s verdict on Aadhaar, AMFI had discontinued online registration and renewal of ARN for mutual fund distributors. However, the trade body has restarted online renewal process for distributors through Aadhaar.
In a press release, NS Venkatesh, CEO, AMFI said, “At AMFI, we look at technology as an enabler that can help ease the process and reduce time spent by distributors or their employees on mundane tasks, so that they can better utilize their time on helping their clients. We urge all our distribution fraternity to take benefit of this feature.”
Here is the step-by-step to obtain new ARN/EUIN
- Login to AMFI website and click on the distributor corner
- Enter your PAN and mobile no. on the webpage
- You will be taken to a dashboard which requires you to upload attested copy of your PAN card, address proof, bank details and digital signature
- Once you upload these documents, you will have to go through online verification process for KYD
- You can pay registration fee online of Rs.885 (ARN/EUIN fee for individual category)
- On successful completion of payment, your request will be processed and ARN/EUIN will be issued
