What is IPV?

IPV is a compulsory requirement under SEBI and PMLA (Prevention of Money Laundering Act) regulations. Failure to complete IPV can result in the rejection of the demat account application. 

The applicant submits KYC documents to the Depository Participant (DP). IPV can be conducted physically by visiting the Arihant Capital office or digitally via live video verification. At the time of video verification, the DP shall ensure that the following details are recorded for successful verification.  

Name of the person doing IPV  

His designation  

Organisation name   

Representatives signature and   

Date  

The DP’s authorized officer verifies the applicant’s identity, documents, and may take a live photograph.  

Once IPV is completed and recorded, the DP processes the application. Upon successful verification, the demat account is activated, and login credentials are shared with the applicant.