How-to NRI KYC FATCA

How to complete NRI mutual fund KYC

From WebNotes, a public knowledge base. Last updated 19 May 2026. Reading time ~5 min.

Key facts

Documents	PAN, passport, OCI (if applicable), NRI status proof, foreign address
IPV options	Indian Embassy attestation, notarisation, AMC office in India during visit
FATCA / CRS	Self-certification mandatory; TIN of country of residence
Time	10-15 working days for KRA validation

Procedure

Gather required documentsPAN card. Passport (all relevant pages including those with visa/stamp). OCI card (if applicable). Foreign address proof (utility bill, bank statement). NRE/NRO bank account proof.
Decide IPV / verification pathIn-person verification options: (a) Visit Indian AMC office during India trip; (b) Notarisation by Indian Consulate / Embassy in country of residence; (c) Some AMCs accept video KYC for NRIs.
Complete KYC form (KCRF for NRI)Standard KYC form with NRI tick. Foreign address + Indian correspondence address. Status: NRI / OCI / PIO. Tax residency country.
Provide FATCA / CRS self-certificationForeign tax residency country. TIN (Tax Identification Number) of that country (e.g., SSN for US, SIN for Canada). Place of birth. Citizenship status.
Notarisation / attestationDocuments notarised by Indian Embassy / Consulate (or apostille in Hague Convention country). Notarised copies submitted to AMC.
Submit to AMC / KRASubmit complete set: KYC form + notarised documents + FATCA declaration. AMC forwards to KRA. KRA validates and issues KYC Validated status.
Receive KYC referenceKRA issues KYC reference upon validation. Use this for all subsequent MF investments at any AMC.
Link to MF folio / open accountOnce KYC Validated: proceed to open MF folio per how-to-open-nri-mf-account. Provide KYC reference at folio opening.

NRI mutual fund KYC requires additional documentation beyond resident KYC, primarily related to foreign tax residency, passport details, and the in-person verification process which can be done via Indian Embassy abroad. The KYC is processed through the same KRA infrastructure (CVL, CAMS, KFin, NDML, BSE) as resident KYC.

Conflict-of-interest disclosure. This guide is published by webnotes.in for informational purposes. WebNotes has no commercial relationship with any AMC, KRA, or NRI services provider. No affiliate commission is earned.

Step-by-step procedure

See the procedure infobox above.

Documents required for NRI KYC

Document	Detail
PAN card	Self-attested copy
Passport	All pages including visa / immigration stamps
OCI card	If OCI; both sides
Visa	Current visa stamp
Foreign address proof	Utility bill (electricity, gas, phone) / bank statement at foreign address
NRE / NRO bank account	Bank account number + IFSC, account holder name matching KYC
FATCA / CRS declaration	Self-certification on standardised form
Photograph	Recent passport-size colour

IPV options for NRIs

Option	Detail	Time
Indian Embassy / Consulate notarisation	Abroad: visit nearest Indian mission; sign in presence	1-2 weeks
Apostille (Hague Convention country)	Some countries; simpler than full notarisation	1-2 weeks
AMC office visit during India trip	Easiest if you visit India; IPV at AMC’s branch	Same day
Video KYC (limited AMCs)	Live video call; documentary photo verification	Same day

The Indian Embassy notarisation route is most common for those not visiting India.

FATCA / CRS specifics

Country	TIN format	Notes
US	SSN / EIN / ITIN	US NRIs face investment restrictions
Canada	SIN	Canadian NRIs face restrictions
UK	NI Number	Standard reporting
UAE	Tax residency certificate	Limited
Singapore	Tax File Number	Standard

TIN must be provided. False declaration is offence under Section 285BA .

KRA-side processing

Step	Time
Submission to AMC/CAMS centre	Same day
AMC forwards to KRA	T+1
KRA validation	7-10 working days
Validated status update	Visible on KRA portal

Address records

NRIs typically maintain two addresses:

Permanent address abroad: Country of current residence.
Indian correspondence address: Often family member’s address; used for statement delivery.

Both must be in KYC records.

When to re-verify

Citizenship change (e.g., OCI → US citizen).
Country of residence change.
Major personal information change.
Periodic refresh (~5 years per AMFI guidelines).

External references

References

SEBI (KYC Registration Agency) Regulations, 2011.
SEBI Master Circular for KYC dated 12 October 2023.
Income Tax Act, 1961, Section 285BA.
FATCA Inter-Governmental Agreement (India-US).
AMFI Best Practice Guidelines on NRI KYC.

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Last reviewed: 19 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.