Arunachal Pradesh - Apply for a Common Account Number (CAN)

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Procedure

Apply Online

1. To Apply for a Common Account Number (CAN), the applicant has to make their application online via the MFU online portal link
2. The applicant has to click the “Click here” option.
3. If the applicant has to create a new record, the applicant has to enter the email ID or mobile number and click the “New Form” button.
4. A verification code will be sent to the email ID. Please input the verification code received and click the “Verify” button.
5. In the first step, the applicant needs to complete the CAN criteria and click the “Next” button.
6. Complete the personal details in the next step and click the “Next” button.
7. Followed by completing the bank details and clicking the “Next” button.
8. Check out with the nominee option and click the “Next” button.
9. Finally, upload all the necessary documents that are mentioned in the “Required Documents” section of this page and click the “Submit for eCAN”
10. The fee for applying for a Common Account Number is free of cost.
11. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
12. In some cases, the applicant may need to visit a POS, typically provided by CAMS or other registrars, to complete the KYC verification process. During this visit, his/her photograph and signature will be verified.
13. All applications are processed within a reasonable time, having regard to the particular circumstances of each application, including the completeness of information and documents submitted to the authority by the applicant.
14. The authority may seek additional information from an applicant if this is necessary to assess the application. The authority does not need to deal further with an application until the applicant has provided this additional information.
15. After the application is processed and verified, the applicant will receive a Common Account Number (CAN). This number can be used to invest in multiple mutual funds without having to provide KYC documents repeatedly.
16. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Apply In-Person:

1. To Apply for a Common Account Number (CAN), the applicant has to approach MF Utilities India Pvt Ltd link
2. An application form will be provided to the applicant by the concerned officer.or it can be downloaded from the following link link
3. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
4. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
5. The applicant has to attach the photocopies of the required documents along with the application form while submitting.
6. If the applicant already holds investments in mutual funds, attach proof of these investments along with the application form.
7. Submit all the documents with the completed form to the concerned officer.
8. The fee for applying for a Common Account Number is free of cost.
9. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
10. In some cases, the applicant may need to visit a POS, typically provided by CAMS or other registrars, to complete the KYC verification process. During this visit, his/her photograph and signature will be verified.
11. All applications are processed within a reasonable time, having regard to the particular circumstances of each application, including the completeness of information and documents submitted to the authority by the applicant.
12. The authority may seek additional information from an applicant if this is necessary to assess the application. The authority does not need to deal further with an application until the applicant has provided this additional information.
13. After the application is processed and verified, the applicant will receive a Common Account Number (CAN). This number can be used to invest in multiple mutual funds without having to provide KYC documents repeatedly.
14. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

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Required Documents

• Completed application form link
• ID proof (Birth Certificate, national Identity card, etc)
• Address proof – (Driving license, passbook, utility bill, etc)
• PAN proof
• Proof of KYC
• Board Resolution
• Authorized Signatory List
• Proof of Bank Account for Bank Mandates registered under the CAN
• Proof of Depository Account for Depository accounts registered under the CAN
• Passport size photographs
• Any other documents (If required)

Office Locations & Contacts

MF Utilities India Pvt Ltd.
CIN: U74120MH2013PTC242939
103-105, Orion Business Park
Ghodbunder Road
Kapurbawdi
Thane (W) – 400 610
Maharashtra, India
Customer Care: +91 22 6134 4316
Board Line :+91 22 6290 6363
Contact link
MFU Post of Service state contact details link

Eligibility

• Any resident Indian individual, whether a minor or a major, is eligible to apply for a CAN.

Fees

• The fee for applying for a Common Account Number is free of cost.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Nationality
• Age
• Postal address
• Date of Birth
• Gender
• Residential Address
• Residential No
• Mobile No
• Email Address
• PAN number
• Bank details
• KYC details
• Educational Qualifications
• Work Experience
• Declaration
• Date
• Signature

Need for the Document

• The Common Account Number (CAN) in India is a unique identifier for mutual fund investors. It is designed to simplify the investment process and streamline the management of multiple mutual fund holdings for an individual.
• The CAN is not a financial account but rather a reference number that allows investors to transact in multiple mutual funds without having to go through the Know Your Customer (KYC) process each time they invest in a new fund.

Information which might help

• For more information link

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

link

Others

CAN will hold centrally for the industry, the information like:

• Investor Name(s)
• KYC Status
• Income Details
• Mode of Holding
• Nomination
• Nationality
• Tax Status
• Contact details of the primary holder
• Multiple Bank Accounts registered at CAN level
• Depository Account details
• Power of Attorney, if any
• Guardian Information for minor applicant
• FATCA, UBO & OECD related details etc.