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ICICI Prudential AMC announces mandatory linking of aadhaar number

  • Jan-12-2018
  • 15 Hrs IST

ICICI Prudential Asset Management Company has announced that the Ministry of Finance notified the revised timelines for submission of the Aadhaar Number and Permanent Account Number (PAN) by investors to the reporting entity for the purpose of linking the same with their accounts/folios.

The revised dates for submitting the Aadhaar number and PAN for mutual fund folios/accounts are as follows: a) For existing Mutual Fund folios/accounts as on the date of the relevant MoF Notification (i.e. December 13, 2017) and for folios/accounts opened thereafter upto February 14, 2018, investors need to submit the required details latest by March 31, 2018, failing which, the Mutual Fund folio(s) would cease to be operational till the time the requisite details are submitted. b) For new Mutual Fund folios/accounts opened from February 15, 2018 onwards, investors are required to submit their PAN and Aadhaar number with requisite documents, at the time of opening the folio/account itself, without which no new folio/account shall be opened. Further, the investors who have not provided their PAN or PAN Exempt KYC Reference Number (PEKRN) for their existing folios are requested to provide the same for updation.

All other terms and conditions of the SID and KIM of the Schemes of ICICI Prudential Mutual Fund and SAI of ICICI Prudential Mutual Fund will remain unchanged.