Investment Tips: In the last few years, the trend of investing in mutual funds in the country has increased rapidly. If you also invest in mutual funds, then it is important to keep some important things in mind. Now it has become necessary for those investing in mutual funds to link PAN card with Aadhar card. Otherwise, you may face problems in adding and withdrawing funds on mutual funds.
As you know, whether it is the banking sector or any work related to income tax, the linking of PAN card and Aadhar card has been made mandatory. In the case of investments also, many times it is said to link PAN and Aadhaar. Therefore, if you invest in mutual funds today, then it becomes necessary to combine these two here too.
Till then it is necessary to link
If you have not yet linked your PAN and Aadhar card, then do this work before 31st March. If your Aadhaar-PAN card is not linked by March 31, then it will affect mutual fund investments. Because after this date your Aadhar card will become invalid. Not only this and then you will neither be able to make new investments in mutual funds nor will you be able to withdraw your money. It has been made mandatory to mention PAN card for investing in mutual funds.
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SIP will also stop
PAN is therefore also required To invest in mutual funds, you need to go through two documentation procedures. One, you have to comply with the Know Your Customer (KVAC) norms and second, you must have a valid PAN. In such a situation, if your PAN becomes invalid due to non-linking of Aadhaar, then you will not be able to invest in mutual funds.
If your PAN becomes invalid, then investments made through Systematic Investment Plan (SIP) will also stop. That is, you will not be able to add new units to your mutual fund scheme. Redemption and SWP will not work If you have invested in any mutual fund scheme, then you will not be able to withdraw the PAN if it is invalid. That is, the redemption requests will be rejected. At the same time, the Systematic Withdrawal Plan (SWP) will also stop.
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What is the online process –
Must go to https://eiscweb.camsonline.com/plkyc.
– If user ID is password then login, if not then sign up first.
After signing, you fill the Aadhar seeding form. In this form you will also be asked for your PAN card number. Submit the form after filling it completely.
OTP will come on completion of Aadhaar authentication. Enter it, after which you will get a confirmation message that your mutual fund has been linked with Aadhar card.
what is the process
If you want that the process of linking Aadhar card should be offline instead of online, then follow this method.
First of all download the KYC form by visiting the official website of the registrar.
Do not forget to fill all the necessary details asked in the form like PAN card, Aadhar number. Self-attest the Aadhar card also. Submit this form at the nearest registrar office.
After complete verification of documents, your mutual fund will be linked with Aadhar card. You will get the information about this through SMS.
Tags: Aadhaar pan linking deadline, aadhar card, mutual fund, Mutual funds, Returns of mutual fund SIPs
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