Appreciate provides a single digital KYC process to enable users to invest in multiple asset classes for all individuals. The digital KYC requirements are essential to registering on the app, opening a savings account with Appreciate's partner bank, as well as trading accounts with Appreciate partner broker dealers - all so that you can have a seamless trading and payments experience.
To start with download the Appreciate app on the play store. Sign up with your name, phone number, email, and after verifying your contact details, complete a basic profile (date of birth, address, etc). Subsequently, complete the KYC process digitally, as mandated by government regulations.
Here are key steps in the digital KYC process, once you have downloaded the App and signed up:
As per government regulation, for a finance app, we'd need a few KYC (Know Your Customer) details. This will include upload of documents to prove identity (e.g. PAN Card, Aadhar Card)
Then we would verify PAN number details, and verify Aadhaar card details
After this we would ask for personal profile details related to family, occupation details, residence type, and source of income
Lastly we would complete video verification, which would be completed through a video verification link
The entire download, sign-up, and digital KYC process takes between 7-8 mins if you have your PAN card and Aadhaar card readily available, and have a stable internet connection.
Appreciate carries out all KYC as required by IFSCA and SEBI, and does not allow users to transact unless KYC and AML checks are completed and passed.