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What is the use of EUIN number?

What is the use of EUIN number?

EUIN or Employee Unique Identification Number is a unique identification number allotted to the employee/ salespersons/relationship managers of the AMFI registered distributors interacting with the investors for the sale of mutual fund schemes.

How do I cancel EUIN?

What is the procedure? You need to surrender the original EUIN card to AMFI / CAMS POS for cancellation of EUIN card. Parallely, you need to apply for the allotment of Individual ARN by submitting the relevant application form along with the requisite documents and fee for issuance of separate ARN to you.

What is EUIN declaration in mutual fund?

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The unique identity number of such an employee is referred to as Employee Unique Identification Number (EUIN). The EUIN is a seven digit unique alpha numeric number, with one alphabet and six numerals, for example E123456 allotted to each Sales Person holding a valid NISM certificate and associated with an ARN holder.

What is EUIN remediation?

EUIN is a unique seven digit alpha numeric number assigned to the employees of distributors which was introduced by SEBI to tackle the menace of mis-selling. If distributors fail to quote EUIN within the remediation period their commissions were forfeited.

How do I find my EUIN number for a mutual fund?

Process of Getting New EUIN Registration

  1. 2 Stamp sized photographs.
  2. Copy of PAN card.
  3. Address Proof (Copy of Ration Card, Bank Statement, Utility Bill – Electricity or Landline are valid)
  4. Certified Copy of NISM/CPE Passing Certificate.
  5. Fees as applicable (only payable through Demand Draft)

What is Arn and EUIN in mutual fund?

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Association of Mutual Funds in India (AMFI) has revived a completely paperless online registration process through its website www.amfiindia.com for obtaining fresh AMFI Registration Number (ARN) and Employee Unique Identification Number (EUIN) for Mutual Fund distributors and their employees.

What is the difference between Arn and EUIN?

Unlike the ARN which is common to the entire organisation, the EUIN is unique to that specific employee. Assigning this specific number, which is distinct from the company’s ARN, helps to affix responsibility for mis-selling.

What is facilitator code in mutual fund?

A folio number is an identification code for one’s own account in a mutual fund. Similar to a bank account number. Internationally agreed upon, the IBAN system acts as a facilitator for communicating and processing international transactions, a folio number helps identify the investors within a fund.

What is difference between Arn and EUIN?

How do I activate EUIN?

What is broker EUIN?

The unique identity number of such an employee is referred to as Employee Unique Identification Number EUIN. It will be allotted to each Sales Person holding a valid NISM certificate and associated with an ARN holder.

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What is folio number for mutual fund?

What Is a Folio Number? In mutual funds, a folio number is a unique number identifying your account with the fund. Like a bank account number, the folio number can be used as a way to uniquely identify fund investors.