KYC Registration Agency (KRA) enables an investor to invest through various intermediaries,
after undergoing the KYC process only once through an intermediary. This helps in
avoiding duplication of the KYC process and inconvenience to investors, and eliminates
the need to submit KYC documents each time he opens an account with another intermediary.
Further, any subsequent changes in demographic details of an investor across various
intermediaries can be updated by simply updating the record maintained with the
KRA. KRA not only prevents duplication and inconvenience to investors, it also enables
single point change management.
Furthermore, intermediaries need not collect KYC documents from KYC compliant clients,
thus eliminating the need to collect and store the same.
For existing clients i.e. accounts opened on/before December 31, 2011, obtaining fresh
KYC in terms of the KRA requirement is not mandatory. The intermediary has to upload the
data as available and send the original KYC to the KRA for registration.
In case the investors have any grievance regarding any of the services provided
by the KRA or any of its intermediaries regarding KYC registration, an email can
be sent to
email@example.com for airing their concerns.