Cross talk between KRA's

General
1

I got an email yesterday from CVL-KRA that my PAN records were fetched by CAMS-KRA now i am not sure if this is normal or should i be worried and report this to CVL as a problem?

Not sure what triggers this just got a new Gsec alloted today on BSE…

Any help if this normal for KRAs to cross talk and pull records not sure for what purpose though?

And if its normal why are they making a fuss oit of it by sending mails…

Thanks,

2

That is fine. All KRAs are approved to share KYC status with each other.

This way you can use different broker/MF app/etcs without doing KYC gain.

3

Thanks,
My further point is

  1. If this is normal approved process then i am not sure why they have send an email and confuse the end customer? (this makes it more harder for them to spot anomalies)

  2. In my case i didn’t open any new account or app etc just bought G-sec could that be trigger?, why cant they provide a reason for it…

4

  1. Yes, it should have provided more details on where it is used to avoid confusion.

  2. From where you purchased the G-Sec. Where do you have the regular demat account?

5

g-secs purchased from zerodha new-gsec, not sure where and how do we find out where the demat account is ?

6

Generally the email triggers when we purchase a new MF or create a new folio (I could be wrong). The fund company verifies by fetching kyc details from so and so RA. The email is a notification that someone fetched it. The reasons mostly are above . The “who” fetched gets shown in your email. It could be RBI in your case or zerodha(?).