Very soon common KYC can be used for different Financial Instruments!!

In a few months, you may be able to use your know-your-customer (KYC) registration with a mutual fund  to open a bank account or purchase insurance.

 Soon, you may be able to buy mutual fund units, shares, insurance policies, bank deposits and other such financial products with a single Know Your Customer (KYC) compliance.

Sebi has decided to move to a common standard for all financial products, in a few months we can able to see one registration for investing in any of financial instrument..