December 17, 2025
Onboarding + KYC: Seamless Digital Verification for Modern Investors
It collects PAN, personal details, address, bank info with verification, and nominees. Residents Individuals complete KYC via Aadhaar OTP + eSign. NRIs can be onboarded and transact, even without Aadhaar KYC. Smooth, compliant, and conversion-friendly.
A smooth onboarding experience sets the tone for every investor journey. MFStack’s Onboarding + KYC flow is designed to reduce friction, eliminate paperwork, and help distributors launch fully digital experiences with confidence. Built on reliable Fintech Primitives infrastructure, it gives investors a clean, guided path to become transaction-ready in minutes.
What the Onboarding Flow Covers
The process captures everything needed for compliant, SEBI-ready onboarding:
- PAN, Name & Date of Birth
Instant KYC compliance check - PAN validation ensures the user starts with verified identity data.
- Personal & Professional Details
Occupation, residency type, income, and background information help determine eligibility and risk classification.
- Address Collection
Investors provide current and permanent addresses, ensuring correct record mapping and regulatory completeness.
- Bank Account Details (with Verification)
Account number and IFSC are verified in real time, preventing failed transactions and reducing operational overhead.
- Nominee Setup
Single or multiple nominees (up-to 3) can be added with ease for a complete investment profile.
Fully Digital KYC — No Video, No Paperwork
MFStack supports KYC for Resident Individuals through a 100% digital, Aadhaar-based verification flow:
- Aadhaar online authentication
- OTP-based verification
- eSign completion
This eliminates the need for video KYC or offline procedures. The user experience is quick, intuitive, and compliant with the latest guidelines.
What About NRIs?
NRIs cannot complete “KYC” digitally because Aadhaar-based eKYC is restricted to residents.
However:
- NRIs can still be fully onboarded on MFStack
- Their profiles can be created and managed,
- And they can seamlessly perform all supported mutual fund transactions.
This ensures distributors can cater to a global investor base without operational complexity.
Why This Feature Matters
- Higher conversions — Faster onboarding = fewer drop-offs.
- Regulatory compliance baked in — No need to manage changing rules.
- Lower operational load — Automated checks save hours of manual verification.
- Better investor experience — Clean UI, guided steps, predictable flow.