What is CVL KRA? Centralized KYC for Investor

CVL KRA (CDSL Venture Limited) is a SEBI-approved KYC Registration Agency (KRA). It acts as a centralised database for investor KYC records. It simplifies the investor verification process by allowing investors to complete KYC once and share it with SEBI-regulated entities (like mutual funds, brokers, and depository participants). It eliminates the need for resubmission to every bank or brokerage.

Why is CVL KRA better?

Traditional KYC Process before KRAs

• Investors need to submit documents to every bank separately.
• Manual verification takes 3 to 7 days.
• It depends on heavy documentation.
• No instant reminder of KYC lapse.

CVL KRA

• One Time Submission: It works for all SEBI-regulated entities.
• Automated Updates: Its status is reflected within 24 hours.
• One-time document submission: Investors only need to submit the document once.
• Auto Alerts: It gives auto alerts for renewal (PAN: 10 years, Aadhaar: 5 years).
• The centralised database reduces the risk of identity theft and duplicate accounts.
• The data can be pulled for verification anytime.

Benefits of CVL KRA

There are many benefits of CVL KRA for investor KYC:

• Centralised KYC Process: CVL KRA offers a centralised platform that simplifies the KYC process of investors. Investors don’t have to undergo repetitive KYC processes among different intermediaries.
• Secure Data Management: It uses the best technology and security measures that keep sensitive investor data secure. It ensures no data breach and prevents unauthorised access.
• Follows the regulatory standards: It follows all the rules and regulations that a standard KYC process must have. It ensures that the KYC process follows all the rules, so the identity verification meets all the legal requirements.
• Trusted Organisation: It is the trusted KYC registration agency in the financial world of investors. It is the preferred choice among all individuals for the KYC registration process.

Step-by-Step CVL KRA Registration

Online Registration Process

• Go to the CVL KRA Website
• Click KYC Validation
• Enter PAN Details and captcha.
• Enter the required details and upload the necessary documents.
• Submit the Form.

Offline Registration Process

• Download the Registration Form from the CVL KRA website.
• Fill required details in the form like Name, PAN, Date of Birth, Address, contact number, and other details.
• Attach the necessary documents like PAN, Proof of Address, and a passport-size photo.
• Visit a SEBI-registered intermediary for in-person verification. Submit the filled form and documents to the intermediary. The intermediary will forward the verification to CVL for processing.
• It will verify your details and update your KYC status in the centralised system.

How to check CVL KRA KYC Status?

After the registration, you can check your KYC status by following the steps below:

• Visit the CVL KRA KYC Inquiry Page
• Enter the PAN Number, Applicant Name, DOB/Date of incorporation, Exempt Category, Captcha, and click on Submit.
• KYC status will be displayed on the Screen.

(You can see the following status on the screen)

• KYC Validated: Your KYC is verified and active.

• KYC Registered: KYC details have been registered.

• KYC on Hold: There are issues with verification and documents that you need to resolve.)

Common Issues and Fixes in KYC Registration

• Rejected KYC: Your registration application may be rejected if incorrect or mismatched documents, missing signatures, or poor quality uploads.  Resubmit the KYC form with correct and visible documents. Ensure that your signatures match official records. Contact the intermediary or complete the ekyc using Aadhaar OTP.

• Expired KYC/KYC Needs Update: Regulatory updates or a lack of re-KYC after changes (like address, name, or updated documents). Update KYC either through the CVL KRA website or the broker.

• KYC on Hold: It can happen due to incomplete submission or pending verification. Log in to the official website and check the specific reason. Upload or resubmit the required documents.

• Name Mismatch in PAN and Documents: A discrepancy between the PAN Name and the address proof can cause issues.

• Mobile Number or Email Not Linked: Missing contact information may delay OTP based verification. You need to update your mobile number and email ID in Aadhaar and KRA records.

Conclusion

CVL KRA is a KYC registration agency. It stores and maintains KYC data of investors. A KYC registration agency helps investors share their KYC data from the centralised database. The centralised database simplifies the KYC verification process, as they don’t have to resubmit data to a new institution. You can complete the KRA process online and offline. You can follow the above step-by-step guide to complete the process.

FAQs

What is CVL KRA in Banking?

It is a KYC registration agency that maintains KYC data of investors.

Is CVL KRA real or fake?

It is a real KYC Registration Agency and approved by SEBI.

How to contact CVL KRA in case of issues?

You can contact CVL KRA by

Call on: 022 61216969

Email to: [email protected]

What is the purpose of CVL KRA?

The purpose of CVL KRA is to centralise and maintain the KYC records of investors.

Is CVL KRA Validation Mandatory?

Yes, investors must validate themselves with KRA before investing in the securities market.

How do I check my CVL KRA Status?

Go to CVL KRA website > click on inquiry tab > fill the required details > get KYC status.