• Latest
  • Politics
  • Entertainment
  • Business
  • News
    • World News
    • Crime
  • Money
  • Health & Fitness
    • Food & Drink
  • Lifestyle
    • Travel
  • General News
  • Sports
  • Technology
News Step Systems – A Step to Explore the World
  • Latest
  • Politics
  • Entertainment
  • Business
  • News
    • World News
    • Crime
  • Money
  • Health & Fitness
    • Food & Drink
  • Lifestyle
    • Travel
  • General News
  • Sports
  • Technology
  • Facebook

  • Twitter

  • RSS

Business

The Ease of the Process of KYC |KYC Steps India

The Ease of the Process of KYC |KYC Steps India
admin
June 3, 2019

For an individual, while going for his banking or investment requirements, it is necessary to have the KYC done. The Know, your customer, is known as KYC which means that the documents of the customers are submitted in an order that can establish his identity and the system can believe that he is the same customer who is availing the service. As per the government norms, there are various documents that the customer needs to submit at the time of hiring these services. The documents here include Identity proof and address proof and banking proof in some cases.

The process:

The ckyc online is for a centralized process of KYC done by different agencies. There are provisions where the data of each client is maintained at a place which can be accessed by authorized people only. To establish firm trust and avoid any money laundering, these norms are set by the government. The process of documentation can be done with the help of a bank or security company. Once the documents are provided, the customer is said as KYC compliant, and hence, the system believes that it is safe to transact with such a customer.

The mutual fund:

In the money market, a mutual fund is considered as one of the safest and best options for every individual. It has got a system that is much transparent, and one can get a good return on his investments even if it is for the medium term. The investor can go with an investment of 500 per month or 1000 in one shot. To invest in a mutual fund, one can go for options such as offline and online.

How does mutual fund work?

The system of work of a mutual fund is very simple. The amount invested in any schemes of any company is collected by the concerned company and invested in various shares in the share market. To monitor and safeguard the investment in the market, there are specific professionals deployed which are known as a fund manager. They are experienced and learned who can handle the investment in a professional way. The investor can check various schemes offered by the company with their past performance and see if the same can fit his criteria. There are ample funds with different options which can help the investors to fulfil their short and long term goals. The investment in this fund needs to be managed for at least 3 years to have better returns.

The options:

Investment in a mutual fund is provided with ample options, and hence, it is considered as the avenue with the most flexibility. Here one can invest in close-ended funds where the amount needs to be blocked for a few years or one can also go for an open-ended fund where  he can withdraw the amount any time. The companies, after accepting the application, offer a statement where there is a folio number, and all the details of the investment are mentioned. One can check the fund as well as return and NAV as per his requirements.

Related Items
Click to add a comment

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Business
June 3, 2019
admin

Related Items

More in Business

personal loan

Avail an Instant Personal Loan Without Leaving Your Home

VeronikaJanuary 19, 2021
Read More
Credit Card Transactions into EMI

How to Convert your Axis Credit Card Transactions into EMI

adminNovember 24, 2020
Read More
Resource Manager Tools

How to Identify the Best Resource Manager Tools?

adminJanuary 23, 2020
Read More
Computer Sound Issues

Keep your data safe now with the help of blockchain companies

adminNovember 6, 2019
Read More
stock market trader

Popular health tips for a stock market trader

adminNovember 1, 2019
Read More
Get a Loan for Consolidating Debt

How to Get a Loan for Consolidating Debt Even With Bad Credit

adminSeptember 28, 2019
Read More
Market Capitalization

What Is Free-Float Market Capitalization

adminSeptember 21, 2019
Read More
legal aspects that surround a divorce

Know about the private limited company registration in India

adminSeptember 7, 2019
Read More
Booker Clover

Is the Booker Clover POS a Good Fit for My Business?

adminJune 14, 2019
Read More
Scroll for more
Tap
300 x 250 AD

Contact Us

  • Contact Us
  • About Us
  • Popular

  • Latest

  • Comments

  • Amitabh Bachchan Net Worth 2021
    Amitabh Bachchan Net Worth 2021
    LifestyleApril 8, 2021
  • Rahul-Tewatia net worth
    Rahul Tewatia Net Worth 2021: IPL Salary, Career, Income, Bio
    LifestyleApril 14, 2021
  • abhishek bachchan net worth 2021
    Abhishek Bachchan Net Worth 2021
    General NewsApril 10, 2021
  • PersonToni Braxton Net Worth
    Toni Braxton Net Worth 202l – Lifestyle, Career and Earnings
    General NewsApril 10, 2021
  • Kareena Kapoor
    Kareena Kapoor Net Worth 2021: Bio, Assets, Earnings, Career
    LifestyleApril 16, 2021
  • Lal Krishna Advani
    Lal Krishna Advani Net Worth 2021: Political Career, Income
    LifestyleApril 16, 2021
  • Yusuf Pathan
    Yusuf Pathan Net Worth 2021: Car, Salary, Career, Awards, Bio
    LifestyleApril 16, 2021
  • Arnab Goswami
    Arnab Goswami Net Worth 2021 – Salary, Income, Assets, Career
    LifestyleApril 16, 2021
News Step Systems – A Step to Explore the World
News step systems - A news blog to explore the world. This blog Founded by Monika in 2016. We cover different news niche such technology news, Hollywood, Bollywood, business, entertainment news, World politics News, sports News, Real Estate, movie news, culture, Health etc., of different countries available across the world such as Asia, National News, Europe News, USA, Australia, South Africa, Singapore, Malaysia, Saudi Arabia, United Kingdom, California, Honk Kong, Dubai and everything in between.

Recent Posts

  • Kareena Kapoor Net Worth 2021: Bio, Assets, Earnings, Career
  • Lal Krishna Advani Net Worth 2021: Political Career, Income
  • Yusuf Pathan Net Worth 2021: Car, Salary, Career, Awards, Bio
  • Arnab Goswami Net Worth 2021 – Salary, Income, Assets, Career
  • Bobby Deol Net Worth 2021: Bio, Career, car, Assets, Income
  • Adam Sandler Net Worth 2021: Income, Salary, Assets, Career
  • Sidharth Shukla Net Worth 2021: Bio, Career, Assets, Income, Car

Info

  • Home
  • About Us
  • Contact Us

Copyright © 2018 News Step Systems

Get Familiar With The Different Forms of Bail Bonds
Discount broker: A helping hand to traders