Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 7 terms
Know Your Customer — the identity and address verification an intermediary must complete before it can open an account for you.
The record is registered centrally and shared between intermediaries, which is why a second broker did not ask again — and why one stale record can block fresh purchases everywhere at once.
A SEBI-registered agency that holds an investor’s KYC record centrally, keyed on the PAN, and shares it with other intermediaries.
Five of them share records between themselves, which is why a second broker did not put you through the whole process again — and why one deficient record can block a fresh purchase everywhere at once. The status is free to check with nothing but a PAN.
Resubmitting or modifying an existing KYC record through an intermediary, to correct a deficiency or refresh the details held.
Done once with any one broker, AMC or registrar, and it propagates to the rest. The step most often left half finished is the mobile and email OTP, which is what the whole framework hangs on.
A KYC status in which the record has been verified against the issuing source, with Aadhaar used as the officially valid document for address.
The portable one: a new intermediary can rely on it without fresh KYC. A record built years ago on a passport or a voter ID was perfectly compliant when it was made and simply cannot reach this bucket now.
A PAN that has ceased to function for most purposes, most commonly because it has not been linked to Aadhaar.
It does not announce itself. It surfaces as a KYC record on hold and a SIP that quietly stops, and relinking carries a ₹1,000 fee and takes a few working days to reflect before anything can be resubmitted.
An investment account held in a child’s name and operated by a guardian until they turn 18.
It freezes at 18 pending fresh KYC — and the money legally becomes the child’s to do as they wish.
A document accepted as proof of identity or address under the anti-money-laundering rules — Aadhaar, passport, driving licence and voter ID among them.
Which one you used decides which KYC bucket you land in. Aadhaar is the one that lets the record be validated against the tax database; the others leave it merely registered, which becomes visible on the day you open an account somewhere new.