New KYC norms set to take effect from tomorrow

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New KYC norms set to take effect from tomorrow
In January 2012, the Securities and Exchange Board of India had initiated new guidelines for "know your customers". The same is now expected to take effect from December 1, 2012.

To know more about the news norms you can click here.

If one has initiated the revised KYC before January 1 2012, he has to do it again or else he will not be able to do any new investments. However, if you have done after January 1 this year, there is nothing to worry.

Incase, you don't remember whether you have before or after Jan 1. All you need to do is visit click on KYC Inquiry and submit your Permanent Account Number (PAN).

If the result shows MF - VERIFIED BY CVLMF then you need to submit new KYC form.However, if it shows MF- VERIFIED BY CVLKRA, means you are already new KYC norm compliant.

Read more about: kyc, sebi
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