CAMS launches Aadhaar-based eKYC for setting up MF account instantly

CAMS had launched Aadhar based eKYC (know your customer) for setting up aninstant (MF) mutual fund account. The system had been launched to make mutual fund account opening and transactions a paperless and presence less process.

• Investors can voluntarily submit Aadhaar and mobile numbers for validation with Aadhaar or UIDAI (Unique Identification Authority of India)
• The authentication is done using OTP (one-time password) through CAMS atcamsonline.com