Documents required for KYC with HDFC Bank SmartWealth App
17 May, 2024
Synopsis
MF KYC is a one-time requirement mandated by SEBI for mutual fund investments.
KYC document submission requires a PAN card, Aadhar card, signed cancelled cheque, and signature image.
The process involves entering the registered email ID and mobile number linked to Aadhaar to receive an OTP, which, upon verification, completes the MF KYC submission.
The HDFC Bank SmartWealth App makes the whole process simple and quick.
Naina has been wanting to start investing for quite some time now. However, the lengthy KYC processes have been scaring her and proving to be a roadblock in her investment. But now, she has decided to change gears. She discusses her fears about overcoming the KYC blues with her friend Raj, who has smoothly completed his KYC on the HDFC Bank SmartWealth App.
Naina: I want to start investing in mutual funds, but the KYC process scares me. And what is mutual fund KYC? Is it very complicated?
Raj: I understand your apprehensions! MF KYC is a one-time process for investing in mutual funds, and you must be aware that SEBI has made it mandatory for all investors. The KYC process is incredibly smooth on the HDFC Bank SmartWealth app, its fully digital and takes just minutes.
Naina: Wow, really? I thought it involved a lot of paperwork. Can you tell me what all documents required for KYC of SmartWealth app?
Raj: Not at all! Let me take you through how it works:
Firstly, the SmartWealth app itself guides you through each step for submission. It’s so convenient!
To get started, here is the list of documents required for KYC of SmartWealth app
PAN Card
Aadhar card – OTP will be sent to the registered mobile number and email address associated with your Aadhaar
Signed cancelled cheque with the user’s name printed, and the user must be the first holder.
Signature image
Next, submit your registered email ID and mobile number linked to your Aadhaar number to receive an OTP
Enter the OTP and you are done!
Once you submit your MF KYC, you will receive an email and SMS notification. SmartWealth will process and verify your documents according to regulatory guidelines and will mark your MF KYC status as verified/validated, enabling you to use HDFC Bank SmartWealth services seamlessly. It'll take at least two working days for the verification process to finish.
Naina: Wow, that was simple! Are no physical documents or signatures needed at all?
Raj: Nope, not a single piece of paper. The entire process is 100% digital offering maximum convenience.
Naina: This is amazing!
Raj: Again, extremely smooth! If your MF KYC is pending, the app will prompt you to complete it digitally.
Naina: Super helpful tips, Raj! Now, I feel prepared and excited to start investing.
Raj: Glad I could help! The hassle-free KYC makes the HDFC Bank SmartWealth app investment journey even more rewarding.
FAQs
How long does the SmartWealth KYC process take?
The entire KYC can be completed in less than 10 minutes with near-instant verification.
What if my documents are rejected?
Don't worry! The SmartWealth app will prompt you to re-upload documents if needed and customer care team will assist you.
Where can I check my submission status?
You can track your account KYC and mutual fund KYC status on the HDFC Bank SmartWealth app at the top of your Discover page.
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