KYC (Know Your Customer) is required for investing in mutual funds to establish an investor's identity and address, and to prevent money laundering and other criminal activities:
Purpose
KYC is required by the Prevention of Money Laundering Act, of 2002, and is a part of the broader anti-money laundering and counter terrorism financing regulations.
Process
To complete KYC, you need to submit supporting documents such as a PAN card, address proof, and in-person verification (IPV). You can complete KYC online or offline.
Please note:- Scripbox will no longer be processing any fresh KYC verification requests on our platform for new customers.
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