Big Update: Post Office To Help With Mutual Fund KYC, Easier Process For Investors

Key Highlights:

- KYC services for mutual funds now available at post offices.

- PAN and Aadhaar verification is now mandatory as per new rules from April 1.

- Post office staff will assist with document collection and biometric/OTP verification.

Mumbai: Now, mutual fund investors can complete their KYC (Know Your Customer) process at post offices. The Department of Posts has signed an agreement with the Association of Mutual Funds in India (AMFI). This makes it easier for people to invest in mutual funds.

What Help Will the Post Office Give?

Post office staff will help investors with:

- Filling out the KYC form

- Verifying self-attested documents like Aadhaar, PAN, passport

- Sending the documents to Asset Management Companies (AMCs)

New KYC Rules from April 1

From April 1, 2025:

- PAN and Aadhaar verification is mandatory

- If you had done KYC earlier without these documents, you must do it again

- KYC is required to invest in any mutual fund

What is KYC?

KYC means Know Your Customer. It's a process where investors need to submit:

ID proof – Aadhaar card, PAN card, passport

Address proof – Electricity bill, water bill, etc.

This helps in preventing fraud and ensures secure investments.

How to Do KYC at the Post Office?

- Visit your nearest post office offering KYC service

- Ask for the KYC registration/update form

- Fill in your name, PAN, Aadhaar, mobile number, address

- Submit your documents (self-attested)

- Do biometric or OTP verification

- Submit the form and get a receipt

- KYC will be updated in 2–5 working days

How to Check KYC Status?

- Go to any mutual fund company or RTA website (like CAMS or KFintech)

- Click on the KYC Status/Check link

- Enter your 10-digit PAN number

Your KYC status will appear on screen:

Validated – KYC is approved

Registered – KYC submitted but not yet verified

On Hold – Some issue needs fixing

Rejected – KYC not accepted