Description
eKYC or Electronic Know Your Customer, is a digital process that allows investors to complete their KYC (Know Your Customer) requirements online for mutual fund investments. It's a paperless and faster alternative to the traditional physical KYC process. With eKYC for Mutual Fund investors can verify their identity and address electronically, eliminating the need for submitting physical documents. This is typically done using Aadhaar-based authentication, where investors provide their Aadhaar number and receive an OTP (One-Time Password) on their registered mobile number for verification.
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