How To Complete KYC On Grip

Grip is a SEBI-registered investment discovery platform for alternative investment products, including Corporate Bonds and Securitised Debt Instruments (SDIs). 

In conjunction with the Online Bond Providing Platform (OBPP) regulations laid down by SEBI in November 2022, completing KYC is mandatory for investors before investing¹.  

Completing KYC on Grip is a simple and easy process that follows the rules of SEBI and the Stock Exchanges. Please note in case you are an existing Grip user, you need only to do a few additional KYC steps to complete this process. 

Refer to our blog for these additional steps for existing users here. Please keep the following documents handy before starting the KYC process.

Documents Required: 

1. PAN Card.
2. Bank Account Details (Cancelled Cheque/Bank Statement).

Follow the below steps below to complete the process:

Step 1: Upload PAN Card

Upload a clear copy of your PAN card to begin the verification process.

• The file should not be password-protected
• Maximum file size allowed is 5 MB
• The system will automatically fetch your PAN details
• Review the auto-filled information and click Proceed

After PAN verification:

• Grip will fetch your address from a SEBI-authorised KRA
• If KRA details are unavailable, you will be redirected to DigiLocker
• With your consent, your Aadhaar-linked name and address will be fetched
• Your Aadhaar must be linked to your mobile number for OTP verification

Step 2: Enter Bank Details

Your bank details are usually auto-fetched after PAN verification.

You can also verify your account instantly through an INR 1 UPI check.

If needed, a manual entry option is available to add:

• Account type
• Account number
• IFSC code

Important: The bank account must belong to the PAN-verified investor.

Step 3: Complete Personal Information

Provide your personal and financial details.

You will need to enter:

• Gender
• Occupation
• Gross annual income
• Nationality
• Marital status
• Mother’s maiden name

A mandatory declaration confirming SEBI eligibility will already be selected.

Step 4: Add Nominee Details

Enter the nominee information for your account.

Required details:

• Full name
• Date of birth
• Relationship
• Email address

Important:

• The nominee must be 18 years or older

Step 5: Selfie Verification

Complete the face verification required by SEBI.

Make sure:

• Your face is clearly visible
• The lighting is adequate
• You follow the on-screen instructions carefully

This verification is required for investing in:

• Bonds
• SDIs
• Investment baskets

Step 6: Upload Signature

Upload your signature or draw it on screen.

Step 7: e-Sign

Complete the KYC by digitally signing the application.

• Enter the OTP sent to your Aadhaar-linked mobile number
• Once verified, your KYC process is complete

If you face any difficulties while following the above process, please feel free to contact us at invest@gripinvest.in.

References:

1. Securities and Exchange Board of India (SEBI) <https://www.sebi.gov.in/legal/circulars/nov-2022/registration-and-regulatory-framework-for-online-bond-platform-providers_65014.html>

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Disclaimer - Investments in debt securities are subject to risks. Read all the offer-related documents carefully. The investor is requested to take into consideration all the risk factors before the commencement of trading. This communication is prepared by Grip Broking Private Limited (bearing SEBI Registration No. INZ000312836 and NSE ID 90319) and/or its affiliate/ group company(ies) (together referred to as “Grip”) and the contents of this disclaimer are applicable to this document and any and all written or oral communication(s) made by Grip or its directors, employees, associates, representatives and agents. This communication does not constitute advice relating to investing or otherwise dealing in securities and is not an offer or solicitation for the purchase or sale of any securities. Grip does not guarantee or assure any return on investments and accepts no liability for the consequences of any actions taken based on the information provided. For more details, please visit https://www.gripinvest.in/. 
Registered Address - 106, II F, New Asiatic Building, H Block, Connaught Place, New Delhi 110001.