Know Your Client Kyc Application Form: Fill & Download for Free

Yes, an Indian can invest in US equity market. Follow the below process:1. Open a trading account to invest in International Capital MarketsTo facilitate you to do the same, an Indian stock broker enters into a tie-up with a foreign broking partner who has the license to act as an intermediary and execute the trades on your behalf in the foreign markets.The Indian stock broker will act as an introducing intermediary between you and the foreign broking house. The Indian stock broker will also help you in getting your account opened and completing the formalities of Know Your Customer (KYC) applicable for that country.You just need to fill an application form and provide your identity proof such as passport or PAN card and residential address proof such as Voters ID card or latest bank statement as the documents required to open an account.Once your necessary details are registered, you will be provided the bank account details of the foreign broker to which funds are to be transferred. You will also get the contact details of the account executive who will take care of your account in case you require any kind of assistance.2. Funds Transfer – Pay-In/Pay-Out ProcessAs per the remittance norms of the Reserve Bank of India (RBI), an Indian citizen can remit a maximum of USD 2,00,000 in a financial year, from any of the authorised banks in India, including for investments in international capital markets.The foreign brokers accept funds originating from your bank account only and will reject any third party fund transfer. Also, they do not accept bankers drafts, cheques or cash depositsIt takes around 24 to 48 hours to remit money from your bank account to your trading account with the foreign broker and around 48 to 72 hours from your trading account to your bank account.Once your account is opened and funds are transferred, you will be provided a client Login ID and password to have an immediate access to the foreign brokers trading platform to buy and sell shares of the listed foreign companies. All dealings like trading, delivery of shares/funds etc. will be done directly with the foreign broker without any involvement of the Indian stock broker.3. Demat AccountUnlike here in the domestic markets, where your bought shares get transferred into your demat account in T+2 days, when you buy shares in the foreign markets the shares remain in a pool account with the brokers custodian but start reflecting in your trading account immediately after buying.Unlike with most Indian brokers, margin trading and short selling will not be allowed with a foreign broker. You will be able to buy shares only when there is sufficient cash in your account and sell shares only when you already hold them.You can have the access to all your transactions, account history and ledger balance on the trading platform. You will also get the contract notes for your executed trades in your mailbox.4. Brokers in India providing this serviceOnly a few Indian broking companies like Kotak Securities, ICICI Direct, India Infoline, Reliance Money and Religare, are offering these trading services to Indian investors.As your overseas investments will be made in some foreign currency, your investment gain or loss will also be linked to the movement of that currency. So, if you invest in some stocks in USD and USD appreciates in value, then it would add to your gains or lower your losses. e.g. Suppose you paid Rs. 50 per USD at the time of investment and liquidate your investment when the USD appreciates to Rs. 55, you will get back Rs. 55 per USD.The process of transacting in equity markets overseas is not that complicated if you are aware about the global dynamics.Hope this is useful :)

What is KYC?KYC is an acronym for "Know Your Customer". SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions including Mutual Funds to 'know' their clients.This entails In-Person Verification (IPV), verification of identity and address, financial status, occupation and such other personal information.What should the investor do?Investors can submit the common KYC Application Form along with all necessary documents as prescribed with any SEBI registered intermediaries including mutual funds like Birla Sun Life Asset Management Company Limited. KRA shall send a letter to the investor within 10 working days confirming the details thereof.Apart from KYC, it is mandatory for intermediaries including mutual funds to carry out In-Person Verification (IPV) of all its new investors.TO SUMMARIZE:Step 1 Download and Fill-up the revised KYC form (effective January 01, 2012). Please Click here for (New) KYC FormStep 2 Attach the following documents:For Individuals and Non-Individuals:Documents evidencing Proof of Identity and Proof of Address (as mentioned in the revised KYC Application Form)Step 3 In-Person Verification (IPV):Complete IPV from any of the following:Any SEBI registered intermediary (including Birla Sun Life Asset Management Company Limited)Scheduled Commercial Banks (in case of any applications received directly)Step 4 Submit the KYC form alongwith necessary documents at the nearest Investor Services centre or any other intermediaries of KRA's as mandated by SEBI. Upon receipt and verification of the above documents, a KYC acknowledgement will be issued to each applicant.

It is highly beneficial for some business projects to be aware of the origin of the clients. Unfortunately, it is a common experience to become a target of scammers who tear apart your beloved business offspring. Therefore, it is of utmost importance to gather as much information about your clients as possible and build a defensive shield against criminals. But how should you approach it?Create a database that you will fill the clients’ info.Elaborate the registration form for it to include all the necessary information.Make your clients provide identity proofs for ensuring their credibility.Conduct brief surveys to find out their preferences and remarks.Encourage them to contact you and mention any suggestions directly.Become your own customer and experience the usage of your own product/service, making updates in the process.Provide free samples and ask for feedback to improve even further.This list is applicable to every business project and can upgrade it if implemented correctly. For example, when I was building my KYC (Know Your Customer) system, most of these suggestions were mentioned by my guide company, 2WinPower. They helped me build a database of loyal clients and taught me to distinguish scammers. Hopefully, you will meet no criminals among your customers. Good luck!