Reliance Mutual Fund launches paperless empanelment for Distributors

Mutual Fund
Jun 9, 2016 by Reliance Mutual Fund | Mutual Fund | 0 Downloaded

New Distributors, who have got their ARN numbers can now empanel directly with Reliance Mutual Fund online.

What is Paperless Empanelment

  • Paperless Empanelment is an online facility which enables New Distributors to complete Empanelment process on Business Easy website without having to submit Physical Documents.

  • The document Verification of the distributor, which is a mandatory requirement of Empanelment will be done using KYD Details

  • The entire process can be completed instantly online using 3 simple steps

Process flow

Visit and you will see the following screen

Paperless empanelment for Distributors

Please sign up by providing ARN No., PAN No., Bank Account number and ARN expiry date and thereafter follow the below mentioned steps -

Step 1 – ARN Validation, In which ARN will be validated using KYD Details available to us through CDS (Central Distributor Services)

Step 2 – OTP Verification, Distributor will receive OTP on Registered Mobile Number & Email id (as per his/her KYD )

Step 3 – Bank Details, In this tab distributor will update Bank Details(Bank Name & IFSC Code)

All this happens in a jiffy without any hassle and partners can complete this process from the convenience of their home/office.

The advantages of Paperless Empanelment are as follows:-

  • Avoid lengthy TATs for the Empanelment process.

  • Does away the need for Physical document submission is to be done at Branch

  • No need to wait to Login customer business – can be done as soon as online process is completed and online confirmation is received (unlike erstwhile scenario)

( Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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