FAQs

GENERAL

Opening an account with RupeeVest is simple and free. You just need to sign-up on our website by providing your details. We will send you a follow-up email mentioning the documents required. Once the documents are ready, please visit your dashboard on RupeeVest and schedule a pickup of the documents to be sent to us.


The documents required for various categories are mentioned below.

The documents required for Resident Individuals are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Duly signed KYC form (with photograph)
  2. Self-attested copy of PAN Card
  3. Self-attested copy of address proof

The documents required for HUF are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. PAN of HUF
  5. Deed of declaration of HUF/List of coparceners
  6. Bank pass-book/bank statement in the name of HUF
  7. Photograph, POI, POA, PAN of Karta

The documents required for Partnership Firm are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. Partnership Deed
  5. Authorised Signatory List
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
  5. Certificate of registration (for registered partnership firms only)
  6. Copy of partnership deed
  7. Authorised signatories list with specimen signatures
  8. Photograph, POI, POA, PAN of Partners

The documents required for FII & LLP are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. Overseas Auditors Certificate
  5. Authorised Signatory List
  6. Board Resolution
  7. Authorization to Invest
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of SEBI registration certificate
  5. Authorised signatories list with specimen signatures

The documents required for Company are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. Board Resolution
  5. Authorised Signatory List
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
  5. Copy of latest share holding pattern including list of all those holding control, either directly or indirectly, in the company in terms of SEBI takeover Regulations, duly certified by the company secretary / Whole time director / MD (to be submitted every year)
  6. Photograph, POI, POA, PAN and DIN numbers of whole time directors / two directors in charge of day to day operations
  7. Photograph, POI, POA, PAN of individual promoters holding control – either directly or indirectly
  8. Copies of the Memorandum and Articles of Association and Certificate of Incorporation
  9. Copy of the Board Resolution for investment in securities market
  10. Authorised signatories list with specimen signatures

The documents required for NRI are:

Your bank might ask you for a scan of the foreign inward remittance certificate so please keep that handy for quick transactions.

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Duly signed KYC form (with photograph)
  2. Self-attested copy of PAN Card
  3. Self-attested copy of Passport
  4. Self-attested copy of address proof of overseas address

The documents required for Minor are:

  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the guardian)
  4. Proof of Date of Birth
  5. Guardian must be KYC compliant

The documents required for Trust are:

If KYC Compliant If Non-KYC Compliant
  1. Duly signed Registration Form
  2. Duly signed OTM form (mandatory for SIPs)
  3. Cancelled cheque (If the name is not printed on the cheque, it must be duly signed by the investor)
  4. Trust Deed
  5. Authorised Signatory List
You need the following documents IN ADDITION TO the documents required for KYC compliant investor:
  1. Self-attested POI (please refer below)
  2. Self-attested POA (please refer below)
  3. Duly signed KYC form (with photograph)
  4. Copy of the balance sheets for the last 2 financial years (to be submitted every year)
  5. Certificate of registration (for registered trust only)
  6. Copy of Trust Deed
  7. List of trustees certified by managing trustees / CA
  8. Photograph, POI, POA, PAN of Trustees

Documents acceptable as POI (Proof of Identity):

  1. PAN Card with photograph. This is a mandatory requirement for all applicants except those who are specifically exempt from obtaining PAN.
  2. Unique Identification Number (UID) (Aadhaar) / Passport / Voter ID Card / Driving license.
  3. Identity Card/ document with applicant’s Photo, issued by any of the following: Central / State Government and its Departments, Statutory / Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities, Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.

Documents acceptable as POA (Proof of Address):

  1. Passport / Unique Identification Number (UID) (Aadhaar) / Voters Identity Card / Ration Card / Registered Lease or Sale Agreement of Residence / Driving License.
  2. Utility bills like Telephone Bill (only land line), Electricity bill or Gas bill - Not more than 3 months old.
  3. Bank Account Statement/Passbook - Not more than 3 months old.
  4. Self-declaration by High Court and Supreme Court judges, giving the new address in respect of their own accounts.
  5. Proof of address issued by any of the following: Bank Managers of Scheduled Commercial Banks / Scheduled Co-Operative Bank / Multinational Foreign Banks / Gazetted Officer / Notary public / Elected representatives to the Legislative Assembly / Parliament / Documents issued by any Govt. or Statutory Authority.
  6. Identity Card / document with address, issued by any of the following: Central / State Government and its Departments, Statutory / Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc., to their Members.
  7. For FII / sub account, Power of Attorney given by FII/sub-account to the Custodians (which are duly notarized and/or apostiled or consularised) that gives the registered address should be taken.

No, you do not need to be KYC compliant to open an account with RupeeVest. However, you need to be KYC compliant to start investing. If you are not KYC compliant, we can process this for you as soon as you sign up and send us the required documents.

You can check whether or not you are KYC compliant on our sign up page or by citing your PAN No. on CVL KRA website.

You can schedule a pickup from your dashboard when your documents are ready. We currently have this facility free of charge for pick-ups within India.

Steps to be taken once the documents are ready:-

  • You need to select a suitable date for the documents to be picked up from your place and schedule a pick-up. Please let us know in case you face any difficulty while doing so.
  • Once the pick-up has been scheduled, we will send you a confirmation email with two Airway Bill copies, one of which will be FedEx Copy (courier person will take it) and the other one will be Consignee Copy (which will be signed by him and given back to you).

No, you cannot invest with us if you are not registered with us. However, our registration process is simple and quick. To register now, click here.

Yes, you can open a joint account with us and there can be upto 3 members in this account. All 3 members need to be KYC compliant and registered with us.


MUTUAL FUNDS

There are two payment options available to investors:

A. Pay Now: Payment can be made immediately through our website via internet banking

B. Pay later: Investor has an option to pay later by choosing this mode where he will receive a payment link / OTP from NSENMF transaction portal. The investor needs to authorize the transaction either by sending the OTP received on his registered mobile number or by confirming in the email.

Various payment modes supported in this method are:

  • Internet banking- The link provided in the email will take the investor to their respective bank’s payment gateway to complete the payment.
  • Online payment through RTGS/ NEFT: Investor needs to register NSCCL account in beneficiary list to make the payment. Also, once the transfer is made, investor needs to feed in the same UTR No. along with the transfer date in the link provided to process the transaction.
  • One Time Mandate (OTM): Investor will receive a 4-digit OTP on his registered mobile number which needs to be sent to 561614 for confirmation of payment.
  • Cheque / DD: Investor will have to send the cheque to RupeeVest to process the transaction. In case of cheque transactions, the payment shall be drawn in favor of “National Securities Clearing Corporation Ltd” and made payable at Mumbai.

The online payment link and OTP is valid for 48 hours and on expiry of the same, a fresh transaction is required to be entered.

RTGS/NEFT beneficiary details:
Beneficiary name: National Securities Clearing Corporation Ltd
Beneficiary bank name: HDFC Bank Ltd
Account No: 50200009635552
IFSC Code (For RTGS / NEFT Transfers): HDFC0000060

You can start an SIP investment by clicking on the “Invest now” option and choosing SIP as your investment option. You can select a date and an amount of your preference as allowed by the AMC.

An OTM is mandatory for SIP payments. The first instalment can be made through other payment modes if OTM is not active but the subsequent instalments will be paid through OTM.

If your OTM amount is less than your SIP amount, or you haven’t registered an OTM, you simply need to select “New OTM” to proceed with the transaction.

OTM (One Time Mandate) is a permission you give your bank to debit the amount of your investment from your bank account. Registering it would enable a smooth, hassle free transaction experience without needing you to execute payments either through Cheque or Payment gateway.

Please note that this One Time Mandate (OTM) does not lead to any monetary transfer or transaction as no money is deducted or invested from your account without your consent. After your one time mandate is processed and an investment request is made, you will receive a message on your registered mobile for confirmation of payment. Your investment will be initiated only on your confirmation.

Both Lump sum and SIP investments can be made using one time mandate as your mode of payment. However, it is mandatory for SIP investments. The amount you mention in the mandate will be the maximum amount upto which a single transaction can be done.

This is a one-time process, with your mandate being valid for life. The mandate registration is expected to get completed within 15 to 30 days.

This one-time bank mandate form will allow you to set up any number of SIPs with your RupeeVest account and thus, omit the repeated paperwork required to be filled in future.

No, your OTM amount cannot be changed. You need to register for a new OTM if you want to increase its amount. Once it is activated, you can use any of the registered OTMs for your future transactions.

Multiple lump sum or multiple SIP purchase transactions across AMCs for one user can be executed through a single cheque or a single fund transfer.

For all the transactions initiated on the platform, you can track its status from the transaction status tab in your dashboard. Once a transaction has been successfully processed by the RTA, it should reflect in your portfolio within 2-3 working days of the same.

In case of any discrepancy, please drop us a mail at


FIXED DEPOSIT

Please visit the link below:

Click here

The documents required for various companies are as follows:

The renewal process of a FD is similar to purchasing a new FD.

You need to submit:

  1. Renewal form (same as purchase form but renewal option to be selected)
  2. FD certificate with your signature on the backside to renew it
  3. Any extra document required by the company

Credit rating implies the evaluation of the credit worthiness of a company, predicting its ability to pay back the debt. The meanings of rating scales of various agencies are:

CRISIL ICRA CARE BRICKWORKS FITCH
Highest Safety CRISIL FAAA ICRA MAAA CARE AAA BWR FAAA AAA
High Safety CRISIL FAA ICRA MAA CARE AA BWR FAA AA
Adequate Safety CRISIL FA ICRA MA CARE A BWR FA A
Moderate Safety - - CARE BBB BWR FBBB BBB
Moderate Risk - - CARE BB BWR FBB BB
High Risk CRISIL FB ICRA MB CARE B BWR FB B
Substantial Risk - - - - CCC
Very High Risk - - - - CC
Exceptionally High Risk CRISIL FC ICRA MC CARE C BWR FC C
Restricted Default - - - - RD
Default CRISIL FD ICRA MD CARE D BWR FD D
  • Interest Rates: Corporate FDs usually offer a higher rate of return v/s Bank FDs.
  • Security & Rating: Bank FDs don’t have ratings to distinguish riskiness but a sum upto Rs 1 Lac is insured by RBI against insolvency of the bank. In case of corporate deposits, its financials and ratings for fixed deposits should be looked into before making a deposit in them.

Interest on Corporate FDs is paid monthly / quarterly / half yearly / yearly / on maturity depending on the scheme selected. Interest can be paid either through cheque, or Electronic Clearing System (ECS) as selected by the investor.