Completing KYC on Grip is a simple and easy 4-step 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.
Bank Account Details (Cancelled Cheque/Bank Statement).
CMR/CML issued by your demat account provider.
Follow the below steps below to complete the process:
Step 1: Identity Information
The first step is to upload your PAN Card. Please ensure that the file is not password protected and the maximum file size is 5 MB. The system will fetch the PAN details from the file you share and autofill the form. You can verify the details and click on proceed.
Once the PAN Details are verified and approved, the system will use the PAN number to fetch your address details from SEBI-authorised KRAs (KYC Registration Agencies). With this process, your KYC details get fetched, saving you a few steps. If your KYC details are not found with KRA, you’ll be redirected to Digilocker and, with your permission, allow Grip to fetch your AADHAR details, Name, and Address. You must ensure that your AADHAAR is linked to your mobile number to receive OTP. You can verify the details and click on proceed.
In the next step, you will be required to capture a selfie. While taking the selfie, you must ensure that you follow the instructions on the screen and selfie is clear, showing your complete face from the front. The selfie will be verified with the photo on the PAN Card; it should match for successful verification.
In the 4th step of identity information, you will be required to add a signature. You will have two options - either draw the signature or upload a photo of the signature. Remember, this signature will be verified; thus, any wrong image will lead to unsuccessful verification.
Step 2: Financial Information
Under financial information, the first step is to fill in the bank details, including account type, account number, and IFSC code. The bank account must belong to the same user whose PAN details were verified in the previous step and should be the account from which you intend to make the investments.
After bank account details are verified, you will be required to upload the CMR/CML copy of your Demat account. The system will auto-fetch all the details, including DP ID, Client ID and Broker Name, from the copy. You can verify the details and click on proceed. There is a guide available to help you download your CMR/ CML from your demat account provider or stockbroker.
Step 3: Other Information
You must provide information about your gender, occupation, gross income, nationality, marital status, and mother’s maiden name. There will be a pre-selected declaration that SEBI has not charged you for any past wrongdoings. Investors cannot uncheck this declaration as investors having past actions cannot invest.
Step 4: Nominee Details
Next, you will be required to provide the nominee's details, including name, date of birth, relationship, and email address. Please ensure that the nominee is not below 18 years.
Once all the above steps are completed and verified, you will be prompted to proceed with the E-Sign process. This is an AADHAAR-based process to sign the document, where you will be required to provide the one-time OTP received on your mobile. As soon as the E-Sign is completed, your KYC is done.
If you face any difficulties while following the above process, please feel free to contact us at email@example.com.
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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.
Grip is an investor-first, technology-driven, transparency-focused digital investment platform for curated non-market linked alternative investment opportunities across the entire risk-reward spectrum that best cater to an investor’s wealth creation.
Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319 Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001 Corporate Office: A/14-1, 4th Floor, Sector 26, DLF Phase - 1, Golf Course Road, Gurgaon-122001, Haryana Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: firstname.lastname@example.org Investment in securities market are subject to market risks, read all the related documents carefully before investing Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.
ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.
iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.
v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Attention Investors: 1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. 2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge. 3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login