Mutual Fund error

Hi all, I am new to Mutual Funds, and successfully registered for SBI Mutual Funds, but as I tried investing for the first time, got this message ->

"In compliance with the recent Supreme Court order and further instructions from UIDAI, CAMS has withdrawn its Aadhaar based eKYC services.

CAMS enabled applications and services providing OTP based Aadhaar eKYC and biometric based Aadhaar eKYC stand withdrawn.

To complete KYC, please visit www.camsonline.com or www.camskra.com or AMC Websites to download KYC form and submit the completed (duly filled, signed) form along with requisite supporting documents at the nearest CAMS service center / AMC branches.

We are working on providing a convenient alternate solution for KYC . Watch this space.

CAMS services"

---- Any solutions?

Hey Pritam! That message is because CAMS (a major Mutual Fund Registrar) has stopped Aadhaar-based eKYC due to a Supreme Court ruling on Aadhaar usage. This means you can no longer complete KYC instantly online using Aadhaar OTP or biometrics through CAMS.

What you can do now:

Offline KYC Submission:
- Download the KYC form from:
  - CAMS KRA website
  - CAMS Online website
  - Or directly from the AMC (SBI Mutual Fund) website.
- Fill and sign the form.
- Submit it along with your proof of identity, address, and photograph at the nearest CAMS Service Center or SBI AMC branch.
- Once verified, your KYC will be processed, and you will be eligible to invest.
In-Person Verification (IPV):
- Some mutual funds might require you to do IPV at the branch or through video calls as per regulatory guidelines.
Alternate KYC Modes:
- Keep an eye on updates from CAMS and SBI MF. They may soon introduce alternative digital KYC methods compliant with the Supreme Court's directives.