How to Update Your KYC Details with Geojit Selfie KYC

Table of Contents

Introduction

In line with the regulatory requirements mandated by the Securities and Exchange Board of India (SEBI), Geojit Financial Services Limited has introduced a new and convenient way for its customers to update their Know Your Customer (KYC) details - Geojit Selfie KYC. This article provides a comprehensive guide on how to complete the Geojit Selfie KYC process effortlessly and efficiently.

Reason for KYC Update

SEBI has recently mandated financial institutions to obtain periodic KYC updates from their customers to ensure the accuracy and up-to-dateness of their records. This measure aims to prevent financial fraud, money laundering, and other illegal activities.

Who Needs to Update KYC?

All existing Geojit customers who have not updated their KYC details within the last 12 months are required to do so through the Geojit Selfie KYC process.

Benefits of Geojit Selfie KYC

• Convenience: Update your KYC details from the comfort of your home or office, without the need to visit a Geojit branch.
• Time-saving: The entire process takes only a few minutes to complete.
• Security: Geojit Selfie KYC uses secure facial recognition technology to verify your identity.
• Real-time update: Your updated KYC details will be reflected in your Geojit account instantly.

How to Update Your KYC Details Using Geojit Selfie KYC

Step 1: Download the Geojit App

• Visit the Google Play Store or Apple App Store.
• Search for "Geojit" and download the official Geojit app.

Step 2: Register/Login

• If you are a new user, register for a Geojit account.
• If you are an existing user, log in using your credentials.

Step 3: Navigate to KYC

• From the app's dashboard, click on the "My Account" section.
• Under "My Profile," select "KYC Update."

Step 4: Start the Selfie KYC Process

• Read and agree to the terms and conditions.
• Click on "Start Selfie KYC."

Step 5: Capture Your Selfie

• Ensure you are in a well-lit area.
• Position your face within the oval frame on the screen.
• Take a clear and steady selfie.

Step 6: Submit Your Details

• Enter your PAN number and other required details.
• Review and confirm the details entered.

Step 7: Verification

• Geojit will use advanced facial recognition technology to verify your identity.
• The verification process usually takes a few minutes.

Step 8: KYC Update Complete

• Once your identity is verified, your KYC details will be updated successfully.
• You will receive a confirmation message from Geojit.

Stories and Lessons

Story 1:

• Humorous Situation: A customer, eager to update his KYC details, accidentally took a selfie of his cat instead of himself.
• Lesson: Pay attention to the instructions and ensure you are capturing a clear selfie of your own face.

Story 2:

• Humorous Situation: A customer forgot to remove his sunglasses for his selfie, resulting in a verification failure.
• Lesson: Remove any accessories that may obstruct your facial features during the selfie capture.

Story 3:

• Humorous Situation: A customer attempted to trick the facial recognition system by presenting a photo of a famous celebrity.
• Lesson: Geojit Selfie KYC uses advanced technology that can easily detect and reject fake submissions.

Useful Tables

Table 1: Important Documents for Geojit Selfie KYC

Table 2: Geojit Selfie KYC Process Duration

Table 3: Geojit Selfie KYC Availability

Effective Strategies

• Use high-quality lighting: Ensure the area you are in is well-lit to avoid blurry or dark selfies.
• Remove obstructions: Avoid wearing sunglasses, hats, or other accessories that may cover your facial features.
• Maintain a neutral expression: Look directly into the camera with a neutral expression.
• Upload a clear image: Take a clear and steady selfie without any blur or distortion.
• Be patient: The verification process may take a few minutes, so be patient and follow the instructions carefully.

Pros and Cons

Pros:

• Convenient and time-saving
• Can be completed remotely
• Secure and reliable
• Real-time update of KYC details

Cons:

• Requires a smartphone with a camera
• May require additional verification steps in some cases

FAQs

1. Is Geojit Selfie KYC mandatory?
   Yes, for all existing Geojit customers who have not updated their KYC details within the last 12 months.

2. What documents are required for Geojit Selfie KYC?
   PAN Card or Passport and Aadhaar Card.

3. How long does the Geojit Selfie KYC process take?
   Approximately 20-30 minutes.

4. Can I update my KYC details via the web?
   No, Geojit Selfie KYC is currently available only through the Geojit app.

5. What is the cost of Geojit Selfie KYC?
   It is free of charge.

6. How do I know if my KYC update was successful?
   You will receive a confirmation message from Geojit and your updated KYC details will be reflected in your account.

7. What happens if I fail the Geojit Selfie KYC verification?
   Geojit will contact you to initiate alternative verification methods.

8. How often should I update my KYC details with Geojit?
   As per SEBI regulations, KYC details should be updated every 12 months.

Call to Action

Update your KYC details with Geojit Selfie KYC today to enjoy the benefits of a convenient, secure, and real-time update process. Download the Geojit app now and follow the steps outlined above to complete the process effortlessly.

Additional Notes

• Geojit Selfie KYC is a secure and reliable process using advanced facial recognition technology.
• Your personal information and data will be protected in accordance with Geojit's privacy policies.
• For any further assistance or queries, please contact Geojit customer support.