KYC Policy
Know Your Customer & Anti-Money-Laundering standards we follow.
FundGrowth verifies the identity of every customer before accepting an investment, in line with the Prevention of Money Laundering Act, 2002 (PMLA) and applicable rules. KYC approval is a pre-condition for investing; payouts are made only to a verified bank account in the customer's name.
1. Documents — individuals
- PAN card (mandatory)
- Aadhaar (masked copy acceptable) or other Officially Valid Document for address
- Bank proof — cancelled cheque or bank statement showing name, account number and IFSC
- Recent photograph (captured in-app)
2. Documents — corporates & other entities
- Company PAN
- Certificate of Incorporation / registration certificate
- GST certificate
- Board resolution / authority letter naming the authorised signatory
- Authorised signatory's PAN / Aadhaar
- Cancelled cheque of the entity's bank account
Partnerships, LLPs, trusts, societies and HUFs provide the equivalent constitutional documents (deed, registration, list of partners/trustees/karta).
3. Verification process
- Documents are uploaded through the app's secure document picker (the app never reads your photo library in bulk).
- A compliance officer reviews them under a maker–checker control; a second approver may be required.
- You are notified in-app and by email when KYC is approved or when a document needs to be re-submitted, with the reason.
4. Re-KYC & updates
You must update your details when they change (address, bank account, signatory). We may request periodic re-KYC or additional information for enhanced due diligence, and may suspend transactions until it is completed.
5. Refusal & reporting
We may decline to onboard or may close accounts where identity cannot be established, documents appear tampered, or activity is inconsistent with the customer's profile. Suspicious transactions are reported to the authorities as required by law without notice to the customer.
6. Data handling
KYC documents are encrypted at rest, visible only to authorised compliance staff, and retained for the statutory period after the relationship ends. See our Privacy Policy.