How-to IPV KYC in-person verification

How to complete in-person verification (IPV) for mutual fund KYC

From WebNotes, a public knowledge base. Last updated 19 May 2026. Reading time ~6 min.

Procedure

Identify a nearby service centreIPV is available at any CAMS Service Centre, KFin Service Centre, or AMC investor service centre. Use cams.camsonline.com (CAMS locator) or kfintech.com (KFin locator) to find the nearest centre.
Download the KYC formDownload the Common KYC Application Form (for resident individuals) from any KRA portal or AMC. Fill personal details, PAN, Aadhaar, address, occupation, income range, and bank details.
Carry original documentsOriginal PAN, original Aadhaar (or passport or driving licence as alternative ID), one passport-size photograph (if requested), and a self-attested copy of each.
Visit the centreArrive at the centre during working hours (typically 09:30 to 17:30 on weekdays). The centre’s officer verifies your originals against the self-attested copies and matches your face to the documents.
Complete in-person verificationThe officer stamps the IPV section of the KYC form with: officer name, employee ID, date, and signature. This is the IPV verification record.
Sign the formSign the form in front of the officer. Your signature should match the one you intend to use for future transactions.
Submit and acknowledgeThe officer accepts the form and originals are returned. An acknowledgement slip is issued with the KYC reference number.
ProcessingThe form is sent to the KRA for processing, typically completed in 3-5 working days. KYC status changes to Validated at the KRA, cascaded to AMCs.

In-person verification (IPV) is the traditional offline KYC method for mutual funds. Under SEBI’s KYC framework, IPV is the original verification standard; Aadhaar OTP eKYC and video KYC are alternatives that satisfy the same regulatory requirement.

IPV is mandatory or preferable in specific scenarios where Aadhaar OTP cannot be completed or where the investor prefers in-person interaction.

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any KRA, AMC, RTA, or service centre operator. No affiliate commission is earned from KYC services.

Step-by-step procedure

See the procedure infobox above.

When IPV is preferred or mandatory

Aadhaar not available: Investor doesn’t have Aadhaar (rare but legitimate, e.g., foreign-born OCI).
Aadhaar mobile not in possession: OTP delivery not possible.
Investment limit reset: Investor was on Aadhaar OTP KYC (Registered status, Rs 50,000 limit per AMC per FY) and now wants full Validated KYC.
Older investor: Personal preference for offline interaction.
Document corrections during onboarding: Officer can guide on form completion.

When IPV is supplemented

For some institutional / corporate / HUF / NRI / minor folios, IPV is followed by additional documentation (e.g., trust deeds, board resolutions). The IPV procedure remains the same; additional documents are submitted alongside.

KYC categories at KRA

Status	Method	Limit
Registered	Aadhaar OTP eKYC	Rs 50,000 per AMC per FY
Validated	IPV / Video KYC (V-CIP)	No limit

IPV produces Validated status, the strongest level.

Cost

CAMS, KFin, and AMC service centres do not charge for IPV. Some third-party distributors may charge a service fee; verify in advance.

External references

References

SEBI Master Circular for KYC dated 12 October 2023 (SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2023/171).
SEBI (KYC Registration Agency) Regulations, 2011.
AMFI Best Practice Guidelines on IPV.
CAMS / KFin operational manuals for KYC processing.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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

Time required	30 minutes at the centre; 3-5 days processing
Cost	Free
Output	Validated KYC status at KRA
Documents needed	PAN, Aadhaar / passport / driving licence (originals)