https://v2.webnotes.in/tags/circular/Recent content in Circular on WebNotesHugoen-INTue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/amfi-biometric-discontinuation-circular-27/Tue, 19 May 2026 00:00:00 +0000https://v2.webnotes.in/amfi-biometric-discontinuation-circular-27/<p><strong>AMFI Circular 27</strong> discontinued the <strong>biometric (fingerprint) capture requirement</strong> for the <a href="https://v2.webnotes.in/kyd-mutual-funds/">Know Your Distributor (KYD)</a> process, simplifying the <a href="https://v2.webnotes.in/arn-mutual-fund-distributor/">ARN</a> application workflow. The circular reflected an industry consensus that biometric capture, while introduced for identity-verification rigour, had become operationally burdensome with limited incremental value given alternative verification methods (PAN, Aadhaar, photograph, document originals).</p> <p>For aspiring mutual fund distributors, the discontinuation simplified the ARN onboarding workflow. KYD applicants no longer needed to visit a CAMS / KFin centre solely for biometric capture; document submission and verification could be completed digitally.</p>