KYC (Know your Customer) is the process mandated by SEBI for all customers to open an account with us. This process is necessary to validate the authenticity of the customer. In this article, we aim to help you with the general process of KYC, so that you can have a seamless experience.
So, what are the major areas of validation that are needed:
- • Valid Mobile Number
- • Valid Email Id
- • Proof of Identity
- • Proof of Address
- • Bank details
To complete the KYC following documents are required
- • PAN Card (Mandatory)
- • AADHAAR Card (If required)
- • Canceled Bank Cheque (If required)
- • Bank Account Statement, ITR, etc. (optional for FnO Segment activation)
Now, let’s have a look at the KYC steps for Spark iOS/Android:
After inputting a valid mobile number and email Id, the major KYC steps for Spark Android are as mentioned below:
- • PAN Step
- • Bank Account Verification Step
- • Digilocker/AADHAAR Card Step
- • Selfie Step
- • Signature Step
- • Personal Details
- • E-Sign/IPV Step
So, one can upload PAN in three ways:
The next part is, how to do bank account verification in three easy steps:
Now comes the Digilocker part, after Selecting ‘Yes’, the page gets redirected to Digilocker.
Enter your AADHAAR Number and Captcha to receive an OTP on the Mobile Number registered with AADHAAR.
Click on ‘Next’ to input the OTP.
After inputting OTP select ‘Continue’ → Select ‘Allow’ to complete the Digilocker process.
How to complete the Aadhaar Card Step?
In case you want to upload AADHAAR card details manually. It is captured in the following ways:
How to complete the selfie step?
How to complete the Signature Step?
What documents are accepted for activation of FnO?
Various Documents accepted for FnO are:
- • Bank Statement (previous 6 months)
- • Passbook (previous 6 months)
- • ITR (previous financial year)
- • Form 16 (previous financial year)
- • Salary Slip (previous month)
- • Latest Demat Account Holdings Statement
Document types Accepted – .pdf, .jpeg, .jpg & .png
Document Size – Upto 10 MB
How to complete E-Sign?
Click on the check box → Enter your AADHAAR Number → Select Send OTP → Enter the OTP & Complete the E-Sign Process.
Remember, KYC is a mandatory process and needs to be done by everyone. So, it is recommended that one should go through the article to enjoy a smooth experience.