What is a mandatory pre-requisite for entering a transaction on the platform? : IFANOW

What is a mandatory pre-requisite for entering a transaction on the platform? Print

Created by: IFA Support Admin

Modified on: Mon, 19 Sep, 2016 at 11:30 AM

The investor has to be KYC compliant to be able to transact on the platform.

For all new investors with fresh KYC, for whom the KYC status is not verified or submitted, the distributor shall do the initial due diligence / In-person verification and upload the KYC information and supporting scanned documents on the KRA system directly. KRA shall process the KYC application, verify documents and provide the KYC acknowledgement to the investor.

The investor will be eligible to invest subsequent to the receipt of the KYC acknowledgement from the KRA.

Ifa is the author of this solution article.

Did you find it helpful? Yes No

How can we help you today?

What is a mandatory pre-requisite for entering a transaction on the platform? Print

Related Articles