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 all the details.

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, NRIs can invest in all Mutual Funds open for investments through RupeeVest. To know more about NRI services offered by RupeeVest, click here.


MUTUAL FUNDS

  • Net Banking: Investor can make the payment through our website or choose to pay later through the payment link which will be sent to the registered email.
  • RTGS / NEFT: Investor needs to register the NSCCL account in his beneficiary list to make the payment.
    RTGS / NEFT beneficiary details:
    • Beneficiary Name: National Securities Clearing Corporation Ltd
    • Beneficiary Bank Name: HDFC Bank Ltd
    • Account No: 50200009635552
    • IFSC Code: HDFC0000060
  • One Time Mandate (OTM) / E-Mandate: Investor can confirm the payment by clicking on the link received on his registered mobile number / email or sending the 4-digit OTP to 561614.
  • Cheque / DD: Investor will have to send the cheque to RupeeVest to process the transaction. The payment shall be drawn in favor of “National Securities Clearing Corporation Ltd” and made payable at Mumbai.

Note: The online payment link and OTP is valid for 48 hours and on expiry of the same, a fresh transaction needs to be initiated.

You can start your SIP with a few simple clicks:

  • Select a fund to invest and choose SIP as your transaction type
  • Select the amount, start date and frequency as per your preference

An OTM / E-Mandate is mandatory for SIP payments. The first instalment can be made through other payment modes if OTM is inactive but the subsequent instalments will be paid through OTM.

If you do not have a registered OTM / E-Mandate or the mandate amount is less than the SIP amount, you simply need to select “New OTM” to proceed with the transaction.

OTM / E-Mandate is a permission you give to your bank to debit the investment amount from your account. Following are the key features:

  • An OTM / E-Mandate is mandatory for SIP investments
  • Registered Mandate can be used for Lump sum investments as well
  • This is a one-time process and has lifetime validity unless cancelled
  • Enables smooth transaction experience without having to execute payments through cheque or payment gateway
  • Safe and secured, does not lead to any unauthorized transactions, requires investor consent by confirmation of OTP sent to registered mobile number or email
  • The Mandate amount is the maximum amount upto which a single transaction can be made

Investor can consider the following differences while choosing for either OTM or E-Mandate:

Features OTM (One Time Mandate) E-Mandate
Nature of Registration Submission of duly signed physical form No paperwork, digital registration with Aadhaar Based OTP
Registration Time 15-30 days 2-5 days
Eligibility Eligible for all Individuals with single mode of holding
Maximum Amount limit No limit Rs. 1,00,000/-
Servicing Banks All Banks 32 Banks at present
Aadhaar Compliance Not required The same mobile no. must be linked with Aadhaar, Bank Account and RupeeVest

Both OTM (One Time Mandate) and E-Mandate can be registered by any of the following ways:

  • Register an OTM at the time of signing up with us
  • Register an OTM at the time of investing in an SIP
  • Register an OTM / E-Mandate from Investor Profile after registration

List of banks facilitating E-Mandates:

OTM / E-Mandate can be used for both Lumpsum and SIP investments.

Lumpsum Investment – Once an Investor chooses OTM / E-Mandate as the mode of payment he would receive a payment confirmation link on his registered mobile number / email. Upon confirmation of the same by the investor, the amount would be debited from the investor’s bank account. This payment link will be valid for this transaction only.

SIP Investment – Investor with active OTM / E-Mandate has the option to choose this mode of payment which will be validated after confirming the payment link received in investor's registered mobile number / email. Henceforth, the mandate will be operational for all the subsequent installments and the SIP amount would be debited from the investor's bank account as per the SIP dates.

In case the investor does not have an active OTM / E-Mandate, he must make the first payment with other payment modes (Net Banking/NEFT/RTGS/Cheque). The new mandate (after registration) will be applicable for the subsequent installments.

Note: NRI Investors will receive the authorization link only in their registered email id.


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 has 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 will be paid to the investor’s registered bank account at intervals as selected by the customer.