What is CAMS KRA? Meaning, Registration Process & Benefits

CAMS KRA full form is Computer Age Management Services - Know Your Customer Registration Agency. It is a reputable agency that maintains and updates KYC records for all mutual fund investors in India. It acts as a centralised digital depository where all the investors’ KYC details are safely stored. With this online system, all financial institutions can easily verify all investors’ information. For both investors and mutual fund companies, the CAMS KRA makes the investment process easier and more reliable.  

Role of CAMS KRA in KYC Registration 

The following are the key roles of CAMS KRA in the KYC registration process.  

• The CAMS KRA collects and verifies all the investor’s KYC documents, such as PAN, identity proof, and address proof. 
• The main role of CAMS KRA is to centralise all the KYC information in a safe digital database which is accessible to only SEBI-registered companies.  
• It also removes the need for investors to submit KYC documents multiple times to different fund houses or brokers. 
• Whenever there are any changes in the personal details of investors, the CAMS KRA updates and maintains the investor’s records.  
• It helps in faster onboarding and smoother transactions across mutual funds and other financial services. 

After understanding the CAMS KRA meaning and its role, the article further explains how CAMS KRA works. 

How Does CAMS KRA Work? 

Here’s a step-by-step process of how CAMS KRA works: 

1. Fill Out the KYC Form: Investors need to first complete the KYC form (individual or non-individual) through a registered intermediary associated with CAMS KRA. 
2. Submit Required Documents: All the supporting documents need to be submitted on time, such as PAN, identity proof, and address proof for verification. 
3. In-Person Verification (IPV): Investors can easily complete the IPV process either online through video verification or by visiting an authorised service centre. 
4. Verification and Validation: Once everything is submitted, then CAMS KRA verifies all the submitted details and checks them as per regulatory guidelines. 
5. KYC Status Update and Confirmation: After successful validation, the KYC status is updated in the central database, and the investor can check the CAMS KRA KYC status online. 

Documents Required for CAMS KRA Registration 

The following are the important documents that needs to be submitted for CAMS KRA registration. 

• PAN card (mandatory) 
• Aadhaar card (commonly used for identity and address proof) 
• Passport, voter ID, or driving licence (as identity proof) 
• Utility bill or bank statement (as address proof, if required) 
• Recent passport-sized photograph 
• Completed and signed KYC application form 

Types of CAMS KRA Forms 

The following are the main types of CAMS KRA forms:  

1. Individual KYC Form: The individual KYC form is used by people who want to complete the KYC process on their own. This form requires basic details such as name, date of birth, address, PAN, and identity proof.  
2. Non-Individual KYC Form: This form is used by companies, entities, partnership firms and other institutions. Under this form, the organisation details are collected such as its legal structure, registered address, and authorised signatories. 
3. Modification Form: This form is used when an investor needs to update existing KYC details, such as a change in address, contact details, bank information, or signature. The main objective of this form is to ensure that all the KYC records remain updated. 
4. KRA KYC Change Form: This form allows investors to make corrections or changes specifically in the KRA database. It helps maintain accurate and consistent information across financial institutions by updating revised personal or organisational details. 

After understanding what is CAMS KRA, the article further explains how to check the KYC status on CAMS KRA.  

How to Check KYC Status on CAMS KRA? 

Investors can check the KYC status online through CAMS KRA by following these steps: 

1. Visit Official Website: Go to the official CAMS KRA website. 
2. Select the KYC Status Option: Click on the “KYC Status” window available on the homepage. 
3. Enter Required Details: Provide the PAN number, Aadhaar number (if required), and other necessary details. 
4. Submit and Log In: Enter the captcha code and submit the information to proceed. 
5. View Status: Once logged in successfully, the current KYC status will be displayed on the screen. 

Common Issues in CAMS KRA and How to Resolve Them 

The following are some of the common issues that investors may face in CAMS KRA. 

• KYC Rejection Due to Document Mismatch: This is one of the common issues. Here, the details of the PAN, Aadhaar, or other documents provided in the form may not match. Hence, it is necessary to recheck the spelling, date of birth, and address before submitting the form. 
• Signature Mismatch: The signature in the KYC form may not be similar to the one in the official records. Therefore, the signature should be similar to that of the PAN or bank records, and it should be resubmitted where necessary. 
• Incomplete Documentation: Missing documents or unclear copies can lead to the KYC being put “On Hold.” Investors need to provide clear, self-attested copies of all required documents. 
• KYC Status Showing ‘On Hold’: This usually happens due to pending verification or additional document requirements. Investors can contact the intermediary or check the status online to understand the specific reason and submit the required clarification. 

Who Regulates CAMS KRA? 

The CAMS KRA is regulated by the main regulatory authority known as the Securities and Exchange Board of India (SEBI). SEBI is the chief operator that sets the guidelines for KYC registration, verification, data storage, and compliance standards. All KRAs need to operate within SEBI’s regulatory framework to ensure uniformity, investor protection, and transparency in the financial markets. 

Conclusion 

CAMS KRA is a SEBI-regulated KYC Registration Agency. The primary role of this agency is to retain and renew the KYC records of investors in mutual funds. It has a significant part in the onboarding of investors by validating identity information, record storage, and their accessibility to approved financial institutions. This centralised process eliminates duplication of documentation, minimises processing time and ensures adherence to the guidelines as mandated by SEBI. By simplifying and standardising the KYC process, CAMS KRA enables investors to access mutual funds and other investment platforms smoothly, including through a stock market trading app.