My friend is not able to invest in MF through Dhan app beyond 50000. He is getting the following error:
Rejection Reason: ~aadhaar-ekyc Investment Amount Exceeds Rs. 50k.
What to do?
Hi @Shally
Seems like your friend, when he did his original KYC - was done via Aadhaar based eKYC, having this limits the total investment amount to 50,000 INR per year.
Your friend needs to connect with one of the AMCs in which he is invested in, and has to complete a full KYC. Only post that he will be able to invest more than 50,000; otherwise RTAs will keep rejecting the investments.
Is this process online? Or Can Dhan do the same?