News From Press National KYC likely from April 1: AMFI CEO

National KYC likely from April 1: AMFI CEO

Source: Economic Times Feb 23, 2016

From April 1st, 2016, there could be a new procedure for completing KYC (Know Your Customer), called the National KYC, making investments in mutual funds easier if made through bank accounts where bank KYC is already done. This would make investing in mutual funds procedurally easier for investors as well as help MF distributors in complying with KYC rules.

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