By Tricitynews Reporter
Chandigarh
07th December:- To provide
investors a seamless and paper less experience in completing the KYC
registration process, UTI Mutual Fund has introduced Aadhaar based e-KYC using
biometric verification validated through UIDAI.
All
the 150 UTI branches have been equipped with the Biometric Devices which have
been procured from vendors registered with UIDAI.
Suraj
Kaeley, Group President-Sales & Marketing, UTI AMC said that now any
non-KYC compliant customer can complete the KYC process through biometric
verification without producing any documents such as photograph, Id proof, address
proof. Only PAN and Aadhaar number details will be required. Another advantage
of using biometric verification is that the investor will be able to invest any
amount without any monetary limit in any of the UTI schemes unlike OTP based
KYC which has investment limit of Rs.50000/- per financial year. The Biometric
facility provided by UTI has made the KYC process very simple for investors.
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