CVL INDIA - KYC APPLICATION — Delay in confirming the status
Clclouda on Feb 17, 2011
I have submitted for KYC compliance on 8.1.2011 to PoS at Thane. I have received an acknowledgement copy as well. However, the KYC Status on CVL Website still shows "PRESENT IN PROCESS". They say that this acknowledgement is enough for MFs. However, when submitted to UTI MF, I have receievd a letter saying I have to contact CVL to get the status cleared as approved. Hence, I am not able to withdraw funds / invest in new Mutual Funds.
As per the information provided by the PoS, I am told that the status should change in three weeks. But there is heavy workload at CVL. How much time people should wait to get the status cleared and what about the lost opportunity to invest / withdraw? MY email id is firstname.lastname@example.org
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