November 2012

Know you Client (KYC) ~ Information you need to know!!

Know Your Client Forms, PAN Card, KYC Forms, AMFI, SEBI Rules, Guidelines, Submission, How long does it take, Demat Account

It is mandatory to have a Permanent Account Number (PAN) and Know your Customer (KYC)  for Investments in Stocks, Mutual Funds. 

Here are some important links where you can get more information regarding KYC : 

1. You can download the form from the AMFI site : Individual KYC Form ~ In case of any change of Information , you need to fill Change KYC form

2. The completed form along the PAN Copy, photograph, proof of Identity and Proof of Address and signed form needs to be submitted at Point of Service (POS). A complete list of PoS is available on the website of AMFI at www.amfiindia.com,  www.cdslindia.com and mutual fund websites.

You will get an acknowledgement after an An In-person verification at the POS, after which the forms will be sent for further processing. 

3. You can check your KYC status online. Simply visit Central Depository Service (India) Ltd website  , Click on the ‘KYC Inquiry’ and type in your PAN number.

Remember, that you need to complete the KYC process only once and the same reference can be used at SEBI registered intermediaries for investing purposes.

All existing investors in mutual funds should Please read the KYC compliancy requirements as per the latest regulatory changes from SEBI, in order to ensure that you are a KYC compliant investor

July 2012

New Passport Seva Kendra ~ Surprisingly Pleasing Experience

TCS,New Passport Seva Kendra , Surprisingly Pleasing Experience, Thane, Mumbai, Visit Abroad, Passport Visa services

I visited the New Passport Seva Kendra (PSK) in thane area today. These have been open for the past few months now.

These are the front end processing being managed by TCS and government employees. The old Regional Passport Offices (RPO’s) will do the back office work and dispatch etc. 

Obviously, my expectation was quite low in terms of services. I remember when I used to sit on plastic chairs out in the open terrace waiting for my turn to get passport services.

However, this time, contrary to expectations, it turned to quite a wonderful experience. The place was absolutely spic and span, completely air-conditioned. Hygiene factors were top class. The Employees were friendly & helpful. Restroom facilities were clean. There was a cafeteria in place and also a photocopier, for people who may have missed out on some copies. Extremely efficient token system and quite effective too. 

The only issue was that I was unable to book my appointment online. However, walk-in’s were allowed. 

All in all it was a wonderful experience. Great going & Kudos to the passport service department.