AMFI Circular 27 -- biometric KYD discontinuation

Tue, 12 May 2026 00:00:00 +0000

AMFI Circular 27 refers to the circular issued by the Association of Mutual Funds in India (AMFI) in 2022 that discontinued the mandatory biometric fingerprint verification requirement for the Know Your Distributor (KYD) process applicable to AMFI Registration Number (ARN) holders. The circular replaced the biometric fingerprint collection requirement with digital alternatives – specifically, Aadhaar-based OTP authentication and video-based KYD (V-KYD) – for new ARN applications and subsequent renewals.

The circular was a significant operational change in the ARN registration process, addressing longstanding industry complaints about the inconvenience and geographic inaccessibility of the biometric collection infrastructure, particularly for distributors in smaller cities and rural areas.

Circular 27 on WebNotes

AMFI Circular 27 -- biometric KYD discontinuation